Covanta, a sustainable materials manager and portfolio company of EQT Infrastructure, has acquired Circon Holdings, a portfolio company of Kinderhook Industries.
Circon is headquartered in La Porte, Texas and is a full-service provider of environmental services with a customer base across more than 20 waste facilities in the Midwest, Southeast and Gulf Coast. The deal is subject to regulatory approval but would bring in over 600 new employees and 2,500 customers to Covanta.
“Covanta, with Circon’s new geographies and complementary capabilities, will offer the absolute highest value proposition for customers, with full integration across logistics, field services, processing and disposal,” said Azeez Mohammed, president and CEO of Covanta.
Simpson Thacher & Bartlett LLP is serving as legal advisor to Covanta. Kirkland & Ellis LLP is serving as legal advisor to Circon. Brown Gibbons Lang & Company and Houlihan Lokey are serving as financial advisors to Circon.