Advanced Drainage Systems to Acquire StormTrap to Expand Water Management Portfolio

Key Facts

1PSP Capital announced a definitive agreement to sell StormTrap to Advanced Drainage Systems, Inc.

2The transaction is expected to close in the coming months, subject to customary regulatory approvals.

PSP Capital announced a definitive agreement to sell StormTrap to Advanced Drainage Systems, Inc. Business Wire reported that the acquisition seeks to expand Advanced Drainage Systems' portfolio by integrating StormTrap’s specialized stormwater management and water quality solutions.

Advanced Drainage Systems (WMS) closed at $125.93 on October 12, 2026. The transaction is expected to close in the coming months, subject to customary regulatory approvals required to finalize the merger.