Advanced Drainage Systems, a global manufacturer of water management products and solutions for commercial, residential, infrastructure and agricultural applications, agreed to acquire Infiltrator Water Technologies, a provider of on-site septic wastewater treatment, from Ontario Teachers’ Pension Plan for $1.1bn. “Infiltrator is a natural fit for us and for our customers, aligning closely with our growth strategies while accelerating the key drivers of our three-year plan—sales growth, margin expansion and cash flow generation—that we announced at our Investor Day last year. This acquisition will allow us to offer an enhanced suite of water management solutions to a broader set of customers and expand our addressable opportunity in the attractive and related on-site septic business. We are excited to execute on best practices across our businesses, particularly in innovation, operational excellence, and recycling capabilities," Scott Barbour, ADS President and CEO.