Bought Deal

Industrial
Bought Deal

Summary

Baird served as the sole bookrunner on this offering

About

Baird recently completed a 3,750,000 share bought deal of Advanced Drainage Systems, Inc.’s (“ADS”) (NYSE: WMS) common stock at a net price of $22.15 per share, generating net proceeds of approximately $83.1 million. All shares offered were sold by the selling shareholder, ASP ADS Investco, LLC, an affiliate of American Securities LLC. ADS will not receive any proceeds from the offering.

ADS is the leading manufacturer of high performance thermoplastic corrugated pipe, providing a comprehensive suite of water management products and superior drainage solutions for use in the construction and infrastructure marketplace. ADS’ innovative products are used across a broad range of end markets and applications, including non-residential, residential, agriculture and infrastructure applications. ADS has established a leading position in many of these end markets by leveraging its national sales and distribution platform, its overall product breadth and scale and its manufacturing excellence. ADS is headquartered in Hilliard, Ohio.

American Securities LLC is a leading U.S. private equity firm that invests in market-leading North American companies with annual revenues generally ranging from $200 million to $2 billion and/or $50 million to $200 million of EBITDA. The firm and its affiliates have approximately $15 billion under management. American Securities LLC is headquartered in New York, New York.
CONTACT US TO LEARN MORE
Industrial
Bought Deal
Date
February 2017
Company
Advanced Drainage Systems, Inc.
Transaction
M&A
Sectors
Industrial
Target Location
North America

Share