Advanced Drainage Systems makes $1.08 billion acquisition
Advanced Drainage Systems — a manufacturer of water management products and solutions for commercial, residential, infrastructure and agricultural applications — announced the acquisition of Infiltrator Water Technologies — a manufacturer of products for the water and wastewater industries — for a purchase price of approximately $1.08 billion, from an affiliate of the Ontario Teachers’ Pension Plan and other stockholders.
“We are very excited to be joining forces with Infiltrator, a company we know well and have worked with over the years as one of our longstanding strategic partners,” said Scott Barbour, president and CEO of ADS. “Infiltrator is a natural fit for us and for our customers, aligning closely with our growth strategies while accelerating the key drivers of our three-year plan — sales growth, margin expansion and cash flow generation — that we announced at our Investor Day last year.