Advanced Drainage Systems to Acquire StormTrap Investments from PSP Capital

Advanced Drainage Systems Acquires National Diversified Sales from Norma Group

September 23, 2025

Manufacturing

Advanced Drainage Systems (NYSE: WMS) has entered into a definitive stock purchase agreement to acquire National Diversified Sales (NDS), a water management business of Norma Group SE, in an all-cash transaction valued at approximately $1.0 billion. The deal is expected to close in the first quarter of 2026 and will expand ADS’ product portfolio and go-to-market reach in retail and distributor channels, including residential irrigation and related solutions.

StormTrap Acquires Faircloth Skimmer

July 8, 2025

Building Products

StormTrap, a PSP Capital-backed provider of stormwater management systems, has acquired Faircloth Skimmer, a Hillsborough, North Carolina-based manufacturer of floating surface-drain dewatering devices. Faircloth will operate as a subsidiary with existing management remaining in place; the acquisition adds Faircloth's patented skimmer technology to StormTrap's product portfolio to broaden stormwater treatment capabilities and market reach. The deal is an add-on to the StormTrap platform and was sold by Aiglon Capital.

Advanced Drainage Systems Acquires River Valley Pipe

May 8, 2025

Building Products

Advanced Drainage Systems, Inc. (ADS) has acquired River Valley Pipe LLC, a privately owned manufacturer of corrugated plastic pipe serving the agriculture market, headquartered in Lacon, Illinois with manufacturing locations in Illinois and Iowa. The acquisition supports ADS’s strategic priority to grow its market-leading position in stormwater and agricultural drainage across key Midwest states and expands its manufacturing footprint and capabilities in those regions.

Advanced Drainage Systems Acquires CULTEC, Inc.

May 2, 2022

Building Products

Advanced Drainage Systems (ADS) has acquired CULTEC, Inc., a family-owned manufacturer of plastic stormwater and septic chambers headquartered in Brookfield, Connecticut. The acquisition expands ADS' product portfolio in stormwater and on-site septic wastewater solutions and brings CULTEC's engineering and manufacturing capabilities into ADS' national manufacturing and distribution platform.

PSP Capital Acquires StormTrap

April 6, 2022

Building Products

Chicago-based private investment firm PSP Capital has acquired StormTrap, a Romeoville, Illinois-based provider of underground stormwater management systems, from Warren Equity Partners. The transaction was completed in partnership with StormTrap's management team and founding family; PSP said it will leverage its building products and infrastructure focus to support StormTrap's growth across North America and international markets.

Advanced Drainage Systems Acquires Jet Polymer Recycling

December 6, 2021

Industrial Services

Advanced Drainage Systems (ADS) has acquired Jet Polymer Recycling, a privately owned plastic recycling company headquartered in Fort Payne, Alabama with three locations in Alabama and Georgia. The acquisition expands ADS's recycling capabilities and secures high-quality recycled polypropylene and high-density polyethylene feedstock to support ADS and its subsidiary Infiltrator Water Technologies, particularly in the southern United States.