Ontario Teachers’ sells Infiltrator Water Technologies for $1.08 bln
Advanced Drainage Systems Inc (NYSE: WMS) (ADS) has acquired Infiltrator Water Technologies LLC, an Old Saybrook, Connecticut-based on-site septic wastewater treatment company. The purchase price was about US$1.08 billion. The primary seller was Ontario Teachers’ Pension Plan. Ontario Teachers’ acquired Infiltrator in 2015 from U.S. private equity firm Graham Partners, reportedly for more than US$500 million. ADS, a Hilliard, Ohio-based maker of water management products and solutions, said the acquisition builds on its existing platform and expands addressable opportunity into the on-site septic business.
1 August 2019•6 mins read
