Covanta acquires Biologic Environmental Services and Waste Solutions

Covanta, a provider of environmental services based in Morristown, New Jersey, has announced the acquisition of Biologic Environmental Services and Waste Solutions, a California-based environmental management firm offering comprehensive waste management services. This is Covanta's latest in a series of acquisitions since its purchase by the EQT Infrastructure V fund, expanding the company's geographical footprint further west into California markets and providing another significant proof point in its business transformation.  

According to a news release from Covanta, the acquisition of Biologic provides numerous avenues for growth for Covanta in North America. Following completion of the deal, Covanta will integrate Biologic's fully permitted Northern and Southern California facilities into its portfolio of zero carbon and zero-waste-to-landfill services. This integration will further diversify Covanta's customer offerings and present significant growth potential from operating permits in areas including profiled waste and United States Department of Agriculture-regulated garbage and maritime waste.  

"As Covanta continues our transformation into North America's sustainable materials management leader, we are excited to welcome Biologic Environmental Services to our rapidly growing team," says Azeez Mohammed, president and CEO at Covanta. "Biologic's seasoned talent brings over three decades of successful service and management experience, and a roster of respected customers, highlighting their impressive reputation and market positioning."  

With a shared focus on sustainability, Covanta says it will also leverage Biologic's assets to further its expansion into key areas and markets, including industrial waste processing and exporting state-regulated profiled waste to other jurisdictions. The acquisition also optimizes Covanta's existing services, particularly those provided by its Long Beach Southeast Resource Recovery Facility. This is because it supports customers desiring sustainable management of their waste.  

"At Biologic, we feel a responsibility to leave our planet to future generations in better shape than we were given it,” says Albert Chavez, president and co-founder of Biologic Environmental Services and Waste Solutions. “Covanta shares our commitment to sustainability and we are thrilled to join forces with them to bring world-class, cost-effective services to support all of our clients' environmental materials management needs.”