Follow-On Offering

Industrial
Follow-On Offering

Summary

Baird served as a bookrunning manager on the offering.

About

Advanced Drainage Systems, Inc. (“ADS” or the “Company”) (NYSE: WMS) recently completed a secondary offering of 11,500,000 shares of common stock at a price of $21.25 per share, generating gross proceeds of approximately $244.4 million. The Company will not receive any proceeds from the offering.

ADS is a manufacturer of high performance thermoplastic corrugated pipe, providing a comprehensive suite of water management products and drainage solutions for use in the construction and infrastructure marketplace. The Company’s products serve a broad range of end markets including non-residential, residential, agriculture and infrastructure applications. ADS has a domestic network of 48 manufacturing plants and 20 distribution centers, allowing the Company to serve major markets in the United States. The Company’s international presence includes manufacturing plants and distribution centers in Canada, Mexico, South America and Europe. ADS is headquartered in Hilliard, Ohio.

For additional information about this transaction, please contact:

Chris Cooper +1 (704) 553-6610
Lance Lange +1 (414) 765-7079
Chris Coetzee +1 (312) 609-4913
David Silver +44 (207) 667-8216
Industrial
Follow-On Offering
Date
December 2014
Company
Advanced Drainage Systems, Inc.
Transaction
M&A
Sectors
Industrial
Target Location
North America

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