Mayer Brown advises PSP Partners on the sale of StormTrap to Advanced Drainage Systems.

Mayer Brown advised PSP Partners in the sale of its portfolio company, StormTrap Investments, L.L.C., to Advanced Drainage Systems, Inc. StormTrap is a market-leading provider of modular, engineered-to-order stormwater management and water quality solutions serving municipal and commercial end markets.

The transaction expands Advanced Drainage Systems’ presence in the stormwater storage market through the addition of StormTrap’s highly engineered solutions for large-volume, space-constrained projects.

The Mayer Brown Private Equity and Mergers & Acquisitions team advising PSP Partners was led by partners Ameer Ahmad and Jonathan Dhanawade and included associates Thomas Wu and Adrienne Redman. Other key members of the deal team included: Antitrust – partner Oral Pottinger and associate Kaitlyn Barry; Employment & Benefits – partner Stephanie Vasconcellos and associate Grant Uhler; Labor & Employment – partner Meghaan Madriz and associate Kellie Constatine; Environmental – partner Chris Rheinheimer and associate Diego Rangel; Data Privacy & Security – partner Lei Shen and associate Evan Han; Real Estate – partner David Saye and associate Ryan Lifland; IP – partner Rich Assmus and counsel Todd Davidovits; Export Controls – partner Tamer Soliman, counsel Gretel Echarte Morales, and associate Nicholas Jackson; Litigation & Dispute Resolution – partner Frank Favia; and CFIUS – partners Mickey Leibner and Timothy Keeler. The team is based in the firm’s Charlotte, Chicago, Houston, Los Angeles, Northern California, and Washington DC offices.