Covanta - M&A Summary, Ownership, and Business Overview

Energy Services And EquipmentCompany

Covanta M&A Summary

Covanta has acquired 12 companies of its own, including 8 in the last 5 years. A total of 4 acquisitions came from private equity firms. It has also divested 1 asset.

Covanta’s largest acquisition to date was in 2005, when it acquired American Ref-Fuel for $740M. Covanta has acquired in 8 different US states. The Company’s most targeted sectors include environmental (60%) and business services (10%).

Covanta Ownership

Who owns Covanta?

Covanta is owned by EQT. It was acquired on July 14, 2021.

Is Covanta PE-backed?

Yes. Covanta is owned by private equity investor EQT.

Covanta Business Overview

Where is Covanta headquartered?

Covanta is headquartered in Morristown, New Jersey.

What is Covanta’s revenue?

Covanta disclosed revenue of 1,904M USD for 2020 and 1,870M USD for 2019.

How many employees does Covanta have?

Covanta has 4,000 employees.

What sector is Covanta in?

Covanta is an energy services and equipment company.

When was Covanta founded?

Covanta was founded in 1986.

M&A Summary

  • M&A Total Activity11
    • M&A Buy Activity10
    • M&A Sell Activity1
  • Total Sectors Invested 5
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 5
  • M&A Advisors 3

Covanta

Covanta Holding Corp.

445 South Street,
Morristown, New Jersey 07960
United States,
(862) 345-5000
www.covanta.com

Covanta is a provider of waste and energy services to municipal entities. The Company's 45 Energy-from-Waste facilities provide communities and businesses around the world with environmentally sound solid waste disposal by using waste to generate clean, renewable energy. Covanta was founded in 1962 and is based in Morristown, New Jersey.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.6/yr) # 2 - - 5 3 - 10
vol $740M $740M
Sell (0.0/yr) # 1 - - - - - 1
  11

Most Recent M&A

Company Date Value Type
Circon Environmental 2023-04-03 - Add-on Acquisition
La Porte, Texas · www.circonenviro.com
Globalcycle 2023-01-05 - Add-on Acquisition
East Taunton, Michigan · www.globalcycleinc.com
Global Remediation Services, Inc. 2023-01-05 - Add-on Acquisition
Taunton, Massachusetts · www.globalremediation.com
SGS Recovery 2022-12-05 - Add-on Acquisition
Niagara Falls, New York · www.sgsrecovery.com
Frontier Fibers LLC 2022-12-05 - Add-on Acquisition
Niagara Falls, New York · www.frontierfibers.com
Buffalo Fuel Corp. 2022-12-05 - Add-on Acquisition
Niagara Falls, New York · www.buffalofuel.com
BIOLOGIC Environmental Services & Waste Solutions 2022-08-29 - Add-on Acquisition
Hayward, California · www.biologic-esws.com
Miller Environmental Transfer 2022-07-20 - Add-on Acquisition
Tulsa, Oklahoma · www.millerenvtransfer.com
Advanced Waste Services, Inc. 2015-06-04 - Add-on Acquisition
West Allis, Wisconsin · www.advancedwasteservices.com
Danielson Indemnity Co. 2014-11-17 - Divestiture
Long Beach, California · www.dindco.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Environmental 6 (60%) - - -
Business Services 1 (10%) - - -
Energy Services and Equipment 1 (10%) - - -
Renewable Energy 1 (10%) 740M (100%) - -
Transportation 1 (10%) - - -
Insurance - - 1 (100%) -
Total 10 $740M 1 -

By Geo

State/Country Buy Value Sell Value
United States 10 740M 1 -
  New York 3 - - -
  California 1 - 1 -
  Wisconsin 1 - - -
  Texas 1 - - -
  Oklahoma 1 - - -
  New Jersey 1 740M - -
  Michigan 1 - - -
  Massachusetts 1 - - -
Total 10 $740M 1 -

Top M&A Advisors

Financial Deals
Goldman Sachs
1
Legal Deals
Simpson Thacher & Bartlett
1
Skadden, Arps, Slate, Meagher & Flom
1

Deal Values

buy # Total
$100M to $1B 1 $740M
TOTAL $740M
Largest American Ref-Fuel Co. LLC
$740M (2005-06-01)

M&A Connections

Deals
Acquired from
Investor(s)
20%
2 (20%)
Divested to
Strategic(s)
100%
1 (100%)

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