ADS Completes Acquisition of Norma Group's Water Management Business
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 02 2026
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Should l Buy WMS?
Source: Newsfilter
- Acquisition Completed: Advanced Drainage Systems (ADS) has successfully completed the acquisition of Norma Group SE's water management business, integrating NDS's residential water management, access box, and irrigation solutions into ADS's offerings, thereby enhancing its market position in water management.
- Market Expansion: This acquisition not only strengthens ADS's capabilities as a comprehensive water solutions provider but also solidifies its position in higher-margin businesses, which is expected to boost the company's competitiveness in the rapidly growing water management market.
- Strategic Integration: CEO Scott Barbour stated that this transaction will diversify the solutions offered along the water value chain, enhance customer service capabilities, and create long-term value through disciplined capital allocation.
- Advisory Team: Centerview Partners and Jefferies acted as financial advisors, while Davis Polk & Wardwell LLP and others provided legal counsel, ensuring the smooth execution of the transaction and supporting future integration efforts.
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Analyst Views on WMS
Wall Street analysts forecast WMS stock price to rise
7 Analyst Rating
7 Buy
0 Hold
0 Sell
Strong Buy
Current: 167.790
Low
168.00
Averages
178.67
High
197.00
Current: 167.790
Low
168.00
Averages
178.67
High
197.00
About WMS
Advanced Drainage Systems, Inc. is a manufacturer of stormwater and onsite wastewater solutions. The Company and its subsidiary, Infiltrator Water Technologies, LLC, provide stormwater drainage and onsite wastewater products used in a wide variety of markets and applications, including commercial, residential, infrastructure and agriculture, while delivering customer service. Its pipe segment manufactures and markets thermoplastic corrugated pipe throughout the United States. Its infiltrator segment is a provider of plastic leachfield chambers and systems, septic tanks and accessories, primarily for use in residential applications. Its international segment manufactures and markets products in regions outside the United States, with a strategy focused on its owned facilities in Canada and those markets serviced through its joint ventures in Mexico and South America. Its other segments manufacture a range of allied products and other that are complementary to their pipe products.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Credit Facility Adjustments: The company plans to amend its existing senior secured credit facility, increasing the revolving credit facility from $600 million to $750 million and raising the term loan “B” from $408 million to $600 million, thereby improving liquidity and financial flexibility.
- Use of Proceeds: The net proceeds from the offering will be used to refinance the outstanding balance under the existing senior secured credit facility and redeem all of the company’s outstanding 5.000% senior notes due 2027, ensuring financial stability and optimizing the capital structure.
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See More
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- Credit Facility Amendment: The company plans to amend its senior secured credit facility to increase the revolving credit line to $750 million and raise the term loan B to $600 million, extending the maturity to enhance liquidity and financial flexibility.
- Debt Refinancing Strategy: Proceeds from the offering will be used to refinance existing credit facility debt and redeem the 5.000% senior notes due in 2027, aiming to reduce interest expenses and optimize capital costs.
- General Corporate Purposes: Any remaining proceeds will be allocated for general corporate purposes, indicating the company's financial management flexibility and readiness for future investment opportunities.
See More
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- Credit Facility Amendments: The company plans to amend its existing senior secured credit facility, increasing the revolving credit line from $600 million to $750 million and raising the term loan 'B' from $408 million to $600 million, thereby bolstering liquidity to navigate market fluctuations.
- Clear Use of Proceeds: The net proceeds from the bond offering will be utilized to refinance the outstanding balance under the existing senior secured credit facility and redeem all of the company's 5.000% senior notes due 2027, aiming to reduce financial costs and optimize capital structure.
- Compliance Statement: ADS emphasizes that the notes and related guarantees will not be registered in the U.S. and will only be offered to qualified institutional buyers, ensuring compliance with exemption provisions under securities laws to mitigate regulatory risks.
See More
UBS Increases Target Price for Advanced Drainage Systems Inc. to $215 from $197
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Market Impact: This price adjustment reflects the company's strategic positioning and anticipated growth in the drainage systems market.
See More
