AQUA - Advanced Drainage Systems Acquires Infiltrator Water For Septic Treatment Tech
Quick Take
Advanced Drainage Systems (WMS) announced it has acquired Infiltrator Water Technologies for $1.08 billion.
Infiltrator Water operates as a manufacturer of on-site wastewater treatment systems.
WMS is acquiring Infiltrator after being partners for over 15 years as it seeks to increase its size, breadth of offerings, and distribution networks in the promising wastewater product space.
Target Company
Old Saybrook, Connecticut-based Infiltrator Water was founded in 1987 to manufacture plastic leach field chambers and systems, septic tanks and accessories for use in residential on-site wastewater treatment applications.
Management is headed by President