PSP Capital Announces Sale of StormTrap to Advanced Drainage Systems
Advanced Drainage Systems (NYSE: WMS) signed a definitive agreement to acquire StormTrap, a provider of engineered stormwater management and water quality systems, at a valuation of approximately $530 million. Under PSP Capital's ownership since March 2022, StormTrap more than doubled revenue and earnings, added 60-plus employees, and completed a tuck-in acquisition.
Key figures
- Deal Value Usd
- $530 million
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