Add-on Acquisition • Manufacturing

ADS Acquires Infiltrator Water Technologies

On August 1, 2019, ADS acquired manufacturer Infiltrator Water Technologies from Ontario Teachers Pension Plan for 1.1B USD

Acquisition Context
  • This is ADS’s 4th transaction in the Manufacturing sector.
  • This is ADS’s largest (disclosed) transaction.
  • This is ADS’s 9th transaction in the United States.
  • This is ADS’s 1st transaction in Connecticut.

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M&A Deal Summary

Date August 1, 2019
Target Infiltrator Water Technologies
Sector Manufacturing
Buyer(s) ADS
Sellers(s) Ontario Teachers Pension Plan
Deal Type Add-on Acquisition
Deal Value 1.1B USD

Target Company

Infiltrator Water Technologies

Old Saybrook, Connecticut, United States
Infiltrator Water Technologies LLC is a manufacturer of products for the water and wastewater industries. Infiltrator manufactures a variety of revolutionary products and innovative, environmentally friendly alternatives to traditional stone and pipe leachfield and concrete septic wastewater system components. Infiltrator Water Technologies LLC was founded in 1987 and is based in Old Saybrook, Connecticut.
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Buyer Overview 1

Buyer

ADS

Hilliard, Ohio, United States

Category Company
Founded 1966
Sector Building Materials
Employees5,705
Revenue 2.9B USD (2024)
DESCRIPTION
Entrance to Advanced Drainage Systems' corporate headquarters in Hilliard, Ohio.
Entrance to Advanced Drainage Systems' corporate headquarters in Hilliard, Ohio.

ADS is a manufacturer of high-density polyethylene ('HDPE') corrugated pipe and related products. ADS was formed in 1966 and is based in Hilliard, Ohio.


Deal Context for Buyer #
Overall 10 of 13
Sector: Manufacturing 4 of 4
Type: Add-on Acquisition 10 of 12
State: Connecticut 1 of 2
Country: United States 9 of 12
Year: 2019 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-03 DURASLOT

South Glens Falls, New York, United States

DURASLOT, Inc. is a manufacturer of storm water collection surface drains used in a variety of construction applications. DURASLOT was founded in 1987 and is based in South Glens Falls, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-06 Jet Polymer Recycling

Fort Payne, Alabama, United States

Jet Polymer Recycling is a recycling company, that specializes in integrated waste management, recycling, and raw material solutions for industry. Jet Polymer Recycling was founded in 1972 and is based in Fort Payne, Alabama.

Buy -

Seller Profile 1

SELLER

Ontario Teachers Pension Plan

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor


Category Pension
Founded 1990
PE ASSETS 116.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Teachers' Private Capital is the direct investment arm of the Ontario Teachers' Pension Plan. Teachers' Private Capital considers both private equity and venture related investments in North America, Europe, and Asia. Teachers' can support direct private equity investments between $100 million and $3 billion. Target sectors include business services, consumer products, retail, diversified industrials, financial services, technology, media, and communications. Teachers' Private Capital also makes private equity fund investments between $50 million and $750 million. Teachers' Private Capital was formed in 1991 and is based in Toronto, with additional offices in London and New York.


Deal Context for Seller #
Overall 44 of 83
Sector: Manufacturing 2 of 3
Type: Add-on Acquisition 19 of 35
State: Connecticut 2 of 2
Country: United States 22 of 43
Year: 2019 5 of 6
Size (of disclosed) 13 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-15 Trivium Packaging

Amsterdam, Netherlands

Trivium Packaging will serve a diverse range of major multinational, regional and local customers operating in a wide array of end markets, including food, seafood, pet food, nutrition, beauty, and personal care, household care and beverages. Trivium Packaging is based in Amsterdam, Netherlands.

Sell $2.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-06 Dream Cruises

Kowloon, China

Dream Cruises is an iconic and innovative brand with a strong product offering that is well-positioned in an attractive industry. Dream Cruises offers inspirational journeys, which are Asian at heart and international in spirit. Dream Cruises was founded in 2015 and is based in Kowloon, China.

Buy -