Covanta has acquired 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.
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 robust portfolio of zero carbon and zero waste-to-landfill services. This integration will further diversify Covanta’s customer offerings and will present significant growth potential from operating permits in areas including profiled waste and USDA regulated garbage and maritime waste.
With a shared focus on sustainability, Covanta will also leverage Biologic’s assets to further its continued 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 by supporting customers desiring sustainable management of their waste.
Published in the October 2022 Edition
