Advanced Drainage Systems Announces $530 Million Acquisition of StormTrap Investments

AI-generated NewsSnap summary based on source reporting.
Published: 2026-10-05T10:45:00Z
Category: business
Source: Business Wire
Original source

Advanced Drainage Systems (NYSE: WMS) has entered a definitive agreement to acquire StormTrap Investments LLC for approximately $530 million. StormTrap specializes in large-volume stormwater solutions. This acquisition is anticipated to be accretive to Advanced Drainage Systems' adjusted EPS within the first year, potentially enhancing its market position in water management.

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