On the Record · Advanced Drainage Systems

Advanced Drainage Systems acquisitions, on the record

The businesses Advanced Drainage Systems bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

Business	Deal	When	Value
Spartan Concrete, Inc. Word for word“On April 14, 2023, the Company completed its divestiture of substantially all of the assets of Spartan Concrete, Inc. to a third party purchaser for consideration of $ 20.0 million.” 10-K for 2024	divestiture	On April 14, 2023	$ 20.0 million
Paper Recycling business Word for word“On March 25, 2024, the Company completed its divestiture of substantially all of its Paper Recycling business to a third party purchaser for cash consideration of $ 7.5 million.” 10-K for 2024	divestiture	On March 25, 2024	$ 7.5 million
Cultec, Inc. Word for word“Acquisition of Cultec - On April 29, 2022, the Company completed its acquisition of Cultec, Inc. (“Cultec”).” 10-K for 2024	acquisition	On April 29, 2022	—
Orenco Systems, Inc. Word for word“The Company’s wholly owned subsidiary, Infiltrator Water Technologies, LLC, completed the acquisition of Orenco Systems, Inc. (“Orenco”) funded from cash on hand on October 1, 2024.” 10-K for 2025	acquisition	October 1, 2024	—
River Valley Pipe LLC Word for word“Acquisition - On May 8, 2025, the Company announced the acquisition of River Valley Pipe LLC.” 10-K for 2025	agreed acquisition	May 8, 2025	—
National Diversified Sales (NDS), the water management business of Norma Group SE Word for word“The preliminary fair value of consideration transferred was approximately $ 972.5 million, which represented the purchase price of $ 984.9 million, net of cash acquired of $ 3.2 million and cash included in held for sale of $ 9.2 million.” 10-K for 2026	acquisition	—	approximately $ 972.5 million

As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year ended	Cash paid for acquisitions (net of cash acquired)	Cash received from selling businesses	Goodwill from acquisitions
2017-03-31	$8.6 million	—	—
2018-03-31	$2 million	—	$2.1 million
2020-03-31	$1.09 billion	—	$495.8 million
2021-03-31	$0	—	—
2022-03-31	$49.3 million	$0	$11.1 million
2023-03-31	$48 million	$0	$11.1 million
2024-03-31	$0	$27.5 million	—
2025-03-31	$237.3 million	$0	$103.7 million
2026-03-31	$991.1 million	$32.5 million	$322.2 million

Deal filings since 2016

2026-10-05 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2026-02-27 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2026-02-02 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2025-09-23 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2022-06-09 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2022-05-27 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-08-20 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-09-30 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-09-23 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-09-10 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-08-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-08-01 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2017-08-17 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-06-28 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-05-25 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2016-02-22 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement

Read from Advanced Drainage Systems’s annual reports (10-K for 2026, 10-K for 2025, 10-K for 2024) and the financial data it files with the SEC, as of 2026-05-21. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.