Advanced Drainage Systems, Inc. (ADS) announced on November 12, 2026, that it has completed the acquisition of StormTrap Investments LLC. The transaction was previously disclosed and involves the purchase of StormTrap, an industry leader in large-volume, space-constrained stormwater solutions.
According to the filing, the acquisition is intended to expand ADS' addressable market by adding a complementary offering in stormwater storage solutions. The company stated that the deal fits with its specification-driven, go-to-market capabilities and provides opportunities for cross-selling and further growth linked to regulatory and secular tailwinds related to stormwater management.
ADS noted that the transaction builds on its strategy to transform the company into a more diversified water solutions business with an enhanced product portfolio. Scott Barbour, Chief Executive Officer and President of ADS, stated that the company welcomes StormTrap to the ADS family and believes the acquisition positions the company well to create long-term value.
Jefferies LLC served as the exclusive financial advisor to ADS, while Squire Patton Boggs (U.S.) LLP acted as the legal advisor. ADS operates as a leading manufacturer of stormwater and onsite wastewater solutions, providing products across commercial, residential, infrastructure, and agricultural applications.
