Advanced Drainage Systems Announces Acquisition of StormTrap Investments LLC From PSP Capital
Advanced Drainage Systems announced it has entered into a definitive agreement to acquire StormTrap Investments LLC from PSP Capital, a leader in large-volume, highly engineered stormwater solutions, for a purchase price of approximately $530 million.
Why it matters — The acquisition expands ADS's portfolio in large-volume, space-constrained stormwater solutions, strengthening its position in the water management market.