Covanta, a provider of environmental services for businesses and communities and backed by EQT, has acquired Globalcycle and Global Remediation Services.
Globalcycle recycles wastewaters into a reusable water source for industrial applications. Global Remediation Services offers site remediation, logistics and disposal, emergency response, marine services and solar field developments. The acquisition expands Covanta into the New England market and looks to drive the company’s sustainable material management services. It also aims to expand Covanta’s ability to provide more sustainability services to remove unwanted byproducts and transform them into materials.
“In order to achieve full-cycle sustainability, companies must transform their byproducts using advanced sustainable solutions that break down unwanted byproducts into carbon-negative materials that are better for the environment,” says Azeez Mohammed, president and CEO at Covanta. “Adding Globalcycle’s and Global Remediation Services’ capabilities to our lineup further delivers that promise into practice.”