Advanced Drainage completes StormTrap acquisition from PSP Capital
Advanced Drainage Systems closed its previously disclosed acquisition of StormTrap Investments LLC from PSP Capital, adding large-volume stormwater storage solutions to its product lineup.
Key takeaways
- Advanced Drainage Systems (WMS) has completed its previously disclosed acquisition of StormTrap Investments LLC from PSP Capital. StormTrap makes large-volume, highly engineered stormwater solutions that expand the company's addressable market.
Advanced Drainage Systems (WMS) completed its acquisition of StormTrap Investments LLC from PSP Capital.
StormTrap is an industry leader in large-volume, space-constrained, highly engineered stormwater solutions. The deal expands the company's addressable market, adds cross-selling opportunities and fits its specification-driven go-to-market model.
Growth opportunities tied to secular and regulatory tailwinds in stormwater management remain. The deal also expands customer relationships.
Products are used across commercial, residential, infrastructure and agricultural applications. The company is based in Hilliard, Ohio.