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HighBank serves as exclusive financial advisor to BaySaver Technologies, Inc. on its formation of a Joint Venture with Advanced Drainage Systems, Inc.

July 26, 2013

HighBank Advisors (“HighBank”), a Baltimore, Maryland based middle market investment bank, announces that it was the exclusive financial advisor to BaySaver Technologies, Inc. (“BaySaver” or the “Company”) on its formation of a Joint Venture with Advanced Drainage Systems, Inc., a portfolio company of American Securities.  

BaySaver Technologies is one of the world’s leading providers of stormwater treatment solutions, offering system design, technical advice, education, and products that separate and filter pollution from stormwater.  Tom Pank, CEO of BaySaver explained the benefits of the Joint Venture, "This strategic partnership maximizes the strengths of both companies - the strong research, development and technical approvals of BaySaver coupled with the industry-leading engineering, sales and distribution of ADS. By aligning with ADS we can build on our success and increase our efforts. This is the best partnership in the industry today and we anticipate rapid growth and acceptance in the marketplace."

Stephen Gaines, Managing Director, at HighBank stated, “Over the past 10 years, we have watched Tom and the BaySaver team develop leading stormwater technology products.  We were elated to work with Tom and his team on the formation of its Joint Venture and believe it will provide an outstanding opportunity for BaySaver’s products to be utilized across ADS’s expansive customer base.”

Tom Pank continued, “I have worked with the HighBank team on multiple transactions since they formed several years ago.  They again provided senior-level attention on every aspect of this complex Joint Venture.  In my view, HighBank’s deal structuring capabilities and their focus on transactional details are unrivalled in the middle market.”   

Wright Constable & Skeen, LLP served as legal advisor to BaySaver Technologies, Inc.

About BaySaver Technologies, Inc.

BaySaver Technologies is one of the world’s leading providers of stormwater treatment solutions, offering system design, technical advice, education, and products that separate and filter pollution from stormwater. BaySeparator™ and BayFilter™ are flagship products providing the best value per treated CFS in the industry. BaySaver is committed to providing highly efficient technology – with cost-effective long term maintainability. BaySaver Technologies® assists in the compliance of all federally mandated regulations set by Phases I and II of the Clean Water Act, where municipalities are required to remove pollutants such as trash, oils, and sediments from stormwater. For more information, visit www.baysaver.com.

About HighBank Advisors LLC

HighBank is a Baltimore, Maryland based full service mid-market investment bank and financial advisory firm.  The firm provides advice on mergers and acquisitions, raising capital, exit and transaction planning, business valuations, fairness and solvency opinions, loan workouts and debt restructurings, and distressed asset sales. HighBank was formed on a mission that our clients and our people deserve to have their highest expectations met and to receive higher value for their investments of money and time. For more information, visit www.highbank.com.

All investment banking services are provided by HighBank Securities LLC (“HBS”), a registered broker-dealer and member of FINRA www.finra.org and SIPC www.sipc.org .  HBS is a wholly-owned subsidiary of HighBank Advisors.