Covanta acquires two Massachusetts-based recycling companies

Covanta, a provider of environmental services for businesses and communities based in Morristown, New Jersey, has announced it is adding Globalcycle and Global Remediation Services, both headquartered in East Taunton, Massachusetts.  

The acquisitions underscore critical strategic synergies that have marked Covanta's recent purchases with their proximity to its waste-to-energy facilities in Massachusetts and Connecticut.  

Covanta says Globalcycle is the only fully permitted industrial commercial wastewater treatment and recycling plant in Massachusetts. The company recycles wastewater into a reusable water source for industrial applications. The company manages more than 15 million gallons of wastewater annually for a broad spectrum of customers, including industrial manufacturers, construction companies and retailers.  

Global Remediation Services is an environmental service business that operates along the East Coast. The company's offerings span site remediation, logistics and disposal, emergency response, marine services and solar field development.   

"We share Covanta's unwavering passion for sustainability and for delivering transformative environmental solutions customers can rely on,” says Tim Burbank, president of Globalcycle and Global Remediation Services.  “Globalcycle and Global Remediation Services are thrilled to be joining the Covanta team, not only because of this fundamental alignment but also because our customers will benefit deeply from the breadth of solutions, depth of expertise and quality of service that we will be able to provide together to help businesses meet ambitious circularity goals.”  

According to a news release from Covanta, the acquisition of these wastewater treatment, recycling and environmental companies fast-tracks its expansion into the highly regulated New England market. It also advances the company's leadership in sustainable materials management.   

Covanta says this also improves its ability to provide more last-mile sustainability solutions to remove unwanted byproducts and refuse and transform them into value-based materials. These additions bring Covanta's tally of acquisitions to seven under the direction of EQT Infrastructure, as it comes on the heels of the recent purchases of SGS Recovery, Frontier Fibers and Buffalo Fuel Corp., Miller Environmental Transfer and Biologic Environmental Services and Waste Solutions.  

"Covanta is making it possible for companies to meet the challenges of full-cycle sustainability," says Covanta President and CEO Azeez Mohammed. "[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. Adding Globalcycle's and Global Remediation Services' capabilities to our lineup further delivers that promise into practice."