Advanced Drainage Systems to buy StormTrap for about $530 million

• ADS agreed to buy StormTrap Investments from PSP Capital for about $530 million, or about $450 million adjusted for expected tax benefits.
• Deal expands ADS into large-volume, space-constrained stormwater storage and treatment systems, strengthening its offering in commercial and infrastructure projects.
• StormTrap posted about $165 million revenue, about $40 million adjusted EBITDA for the 12 months ended July 2026.
• Net valuation implies about 10x adjusted EBITDA, including expected run-rate cost synergies; funding set from cash and existing credit lines.
• Closing targeted for the fourth quarter of calendar 2026, subject to customary closing conditions and required regulatory approvals.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ADS - Advanced Drainage Systems Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202610050645BIZWIRE_USPR_____20261005_BW997833) on October 05, 2026, and is solely responsible for the information contained therein.