{"schema_version":"secwatch.filing_event.v1","accession":"0001604028-24-000035","form_type":"8-K","ticker":"WMS","cik":"0001604028","company_name":"ADVANCED DRAINAGE SYSTEMS, INC.","filed_at":"2024-08-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:13.732888+00:00","generated_at":"2026-05-31T08:28:13.074032+00:00","sec_items":["8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"medium","headline":"ADS subsidiary Infiltrator to acquire Orenco Systems, expanding advanced wastewater treatment","bullets":["Definitive agreement: Infiltrator Water Technologies to acquire Orenco, a manufacturer of advanced onsite septic wastewater treatment products.","Expected closing in Q3 fiscal 2025 (Oct-Dec 2024), subject to customary conditions; no deal value disclosed.","Strategic rationale: enhances ADS's position in fragmented, fast-growing wastewater segment via combined sales, engineering, and distribution.","Jefferies advised ADS; Raymond James acted for Orenco."],"urls":{"canonical":"https://secwatch.observer/filing/0001604028-24-000035","json":"https://secwatch.observer/filing/0001604028-24-000035.json","markdown":"https://secwatch.observer/filing/0001604028-24-000035.md","text":"https://secwatch.observer/filing/0001604028-24-000035.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1604028/000160402824000035/0001604028-24-000035-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1604028/000160402824000035/wms-20240820.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T08:28:13.074032+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}