Advanced Drainage Systems

Last updated
Advanced Drainage Systems, Inc.
Company type Public
Industry Water industry
Founded1966;59 years ago (1966)
Founders
  • Ron Martin
  • Marty Sixt
Headquarters Hilliard, Ohio, U.S.
Key people
D. Scott Barbour (CEO & President)
Scott A. Cottrill (CFO)
Products
RevenueIncrease2.svg US$1.982 billion (2020)
Increase2.svg US$224 million (2020)
Total assets Increase2.svg US$2.413 billion (2020)
Total equity Increase2.svg US$819 million (2020)
Number of employees
5,000 (2020)
Website adspipe.com
Footnotes /references
[1] [2]

Advanced Drainage Systems, Inc. (ADS) is a company that designs, manufactures and markets polypropylene and polyethylene pipes, plastic leach field chambers and systems, septic tanks and accessories, storm retention/detention and septic chambers, polyvinyl chloride drainage structures, fittings, and water filters and water separators. [1] It is the largest maker of high-density polyethylene pipe in the United States. [2] It is headquartered in Hilliard, Ohio. In 2020, 93% of the company's sales were in the United States and 6% were in Canada. [1]

Contents

History

The company was founded in 1966 by Ron Martin and Marty Sixt, two engineers. In the early 1970s, it moved to central Ohio. [1] [2]

In 2004, Joe Chlapaty became CEO of the company; he retired in 2017 and was succeeded by Scott Barbour. [3]

In July 2014, the company became a public company via an initial public offering on the New York Stock Exchange, raising $232 million. [4]

In February 2015, the company acquired Ideal Pipe of Ontario for $45 million. [5]

In July 2019, the company acquired Infiltrator Water Technologies from the Ontario Teachers' Pension Plan for $1.08 billion. [6]

In 2019, approximately 65% of its pipes were made from recycled materials. [7]

References

  1. 1 2 3 4 "Advanced Drainage Systems, Inc. 2020 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
  2. 1 2 3 Gearino, Dan (March 8, 2015). "Advanced Drainage Systems now an industry leader". The Columbus Dispatch .
  3. ↑ "Advanced Drainage CEO Joe Chlapaty to retire". The Columbus Dispatch . March 13, 2017.
  4. ↑ Knox, Tom (July 25, 2014). "Advanced Drainage Systems goes public, raising $232M". American City Business Journals .
  5. ↑ Gearino, Dan (February 2, 2015). "Advanced Drainage Systems buys Canadian company". The Columbus Dispatch .
  6. ↑ "Advanced Drainage Systems Acquires Infiltrator Water Technologies From Ontario Teachers' Pension Plan" (Press release). Business Wire. August 1, 2019.
  7. ↑ Eaton, Dan (October 16, 2019). "Columbus-based plastic pipe maker seeing benefits of recycling". American City Business Journals .
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