News Digest / Ticker: WMS

Ticker: WMS

06:59am, Tuesday, Sep 23, 2025

Advanced Drainage (WMS) to Buy NORMA's NDS for $1B - Net $875M, ~10x EBITDA; Accretive in 12 Months, Close by Q1 2026

Advanced Drainage Systems (NYSE: WMS) will buy NORMA's NDS water-management unit for ~$1.0B (net ~$875M after tax benefits). Deal roughly 10x trailing EBITDA, EPS-accretive within 12 months; funded by cash + revolver. Target close Q1 2026.