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EQT-backed Covanta completed the acquisition of Circon from Kinderhook Industries.

Synopsis

EQT-backed Covanta, a sustainable materials management company, completed the acquisition of Circon, a full-service provider of environmental services, from Kinderhook Industries, a private equity firm. Financial terms were not disclosed. “With the acquisition of Circon, we have rapidly accelerated our path to becoming the premiere leader of sustainable materials management. Circon’s stunning suite of carbon negative solutions is a gamechanger for Covanta, and we are excited for the new value creating avenues of growth we have ahead of us, especially in the fields of wastewater and the emerging alternative fuels field for decarbonizing kilns,” Azeez Mohammed, Covanta President and CEO.

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