Donald Barbour on corporate acquisition
From Advanced Drainage Systems CEO on its role in building resilient water infrastructure · · New York Stock Exchange
“We announced the acquisition of Areno, a company that makes advanced treatment systems for on-site septic wastewater, which complements our Infiltrator business and fits well geographically and technologically.”
On , Donald Barbour, Chief Executive Officer, President & Director at ADVANCED DRAINAGE SYSTEMS, spoke about corporate acquisition during Advanced Drainage Systems CEO on its role in building resilient water infrastructure on New York Stock Exchange.
About Donald Barbour
Scott Barbour, President and CEO of Advanced Drainage Systems, has discussed the company’s role in stormwater management and its growth strategy in recent interviews. He stated that the company has sharpened its focus on stormwater management over the past decade, describing it as a promise to protect and manage water. Barbour noted that the company’s listing on the New York Stock Exchange provided access to capital that enabled acquisitions, including the 2019 purchase of Infiltrator. He also announced the acquisition of Areno, which makes advanced treatment systems for on-site septic wastewater, saying it fits well geographically and technologically with the company’s existing business. Barbour attributed demand for the company’s products to an increase in the intensity and frequency of storms, which he said is driving many areas to rewrite stormwater regulations. He stated that the Biden Administration’s bipartisan infrastructure law has benefited the company, particularly in roads, highways, and airport projects, with a 19% increase in the public work segment. Barbour also highlighted the company’s use of recycled plastics, saying it has removed over half a billion pounds of recycled plastic from the waste stream. He projected that in the next decade the industry will focus more on capturing, cleaning, and reusing water, driven by regulatory tailwinds and first-owner initiatives.