Advanced Drainage Systems To Acquire Stormwater Solutions Provider StormTrap Investments For ~$530M, Or ~$450M Adjusted For Expected Tax Benefits; Sees Deal Adjusted EPS Accretive From Year One
The transaction is expected to be accretive to adjusted EPS in the first year and supports ADS' core growth strategy by expanding its product portfolio into high-demand, high-growth categories, enhancing market
Advanced Drainage Systems is buying a stormwater company for about $530 million. This deal should help the company make more money starting year one.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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