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Advanced Drainage Systems acquires StormTrap LLC

PUBLIC · WMSOct 05, 2026

Acquiring Company

Advanced Drainage Systems

Acquired Company

StormTrap Investments

HilliardRomeovilleManufacturingAgriculture and FarmingConstructionWaterBuilding MaterialManufacturingConstruction

Description

Advanced Drainage Systems, Inc. announced its acquisition of StormTrap Investments LLC from PSP Capital for approximately $530 million. This acquisition will enhance ADS's portfolio in innovative water management solutions. StormTrap specializes in engineered stormwater solutions, making this a strategic addition to ADS's offerings.

Company Information

Company

Advanced Drainage Systems

Location

Hilliard, Ohio, United States

About

Advanced Drainage Systems is a leading provider of innovative water management solutions in the stormwater and on-site septic wastewater industries, providing superior drainage solutions for use in the construction and agriculture marketplace. For over 50 years, the Company has been manufacturing a variety of innovative and environmentally friendly alternatives to traditional materials. Its innovative products are used across a broad range of end markets and applications, including non-residential, residential, infrastructure and agriculture applications. The Company has established a leading position in many of these end markets by leveraging its national sales and distribution platform, overall product breadth and scale and manufacturing excellence. Founded in 1966, the Company operates a global network of approximately 60 manufacturing plants and 30 distribution centers. To learn more about ADS, please visit the Company’s website at www.adspipe.com.

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Frequently asked

Who acquired StormTrap Investments?

StormTrap Investments was acquired by Advanced Drainage Systems, based in Hilliard. The deal was reported on October 5, 2026. Advanced Drainage Systems is publicly traded (WMS) and operates in Manufacturing.

When did Advanced Drainage Systems acquire StormTrap Investments?

Advanced Drainage Systems's acquisition of StormTrap Investments was reported on October 5, 2026. Advanced Drainage Systems, Inc. announced its acquisition of StormTrap Investments LLC from PSP Capital for approximately $530 million. This acquisition will enhance ADS's portfolio in innovative water management solutions. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does StormTrap Investments do?

StormTrap is an industry leader in large volume, space-constrained, highly engineered stormwater solutions. The company specializes in providing effective management of stormwater runoff. It is privately held, operating in Manufacturing, and is based in Romeoville.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.