EQT Infrastructure to Acquire Covanta Holding Corporation for $5.3 Billion

EQT Infrastructure VI to Acquire Cleanaway Waste Management

October 19, 2026

Environmental Services

EQT Infrastructure VI entered into a binding agreement to acquire Cleanaway Waste Management Limited in a transaction valuing the Australian waste management company at approximately A$9.3 billion enterprise value. The deal remains subject to shareholder, court, and regulatory approvals, with completion expected by the end of March 2027; EQT plans to support growth through infrastructure investment and operational improvements.

Covanta Acquires Circon Holdings from Kinderhook Industries

May 1, 2023

Environmental Services

Covanta has entered into a definitive agreement to acquire Circon Holdings, Inc., a Kinderhook Industries portfolio company, in a transaction that adds more than 600 employees and some 2,500 customers to Covanta's platform. The acquisition (subject to customary regulatory approvals) significantly expands Covanta's wastewater footprint, multiplies its engineered fuels business, and broadens its Gulf Coast and Midwest geographic presence.

I Squared Capital to Acquire Enva

April 21, 2023

Environmental Services

I Squared Capital, via its ISQ Global Infrastructure Fund III, has signed a definitive agreement to acquire Enva, an environmental services and resource recovery platform in the UK and Ireland. Enva operates 34 facilities and provides specialized, regulated waste management services with a focus on hazardous and specialist waste and low-CO2 recycled materials.

Covanta Acquires Globalcycle and Global Remediation Services

January 5, 2023

Environmental Services

Covanta, a PE‑backed sustainable materials management company, has acquired Massachusetts‑based Globalcycle and Global Remediation Services to expand its wastewater treatment, recycling and environmental remediation capabilities in New England. The deals serve as add‑on acquisitions to Covanta (under the direction of EQT Infrastructure), accelerating the company’s presence and last‑mile sustainability services in the highly regulated New England market.

Covanta Acquires BIOLOGIC Environmental Services and Waste Solutions

August 29, 2022

Environmental Services

Covanta has acquired BIOLOGIC Environmental Services and Waste Solutions, a California-based regulated waste management firm, and will integrate Biologic's Northern and Southern California facilities into its portfolio. The deal expands Covanta's western U.S. footprint and adds regulated/medical and maritime waste handling capabilities to support its sustainable materials management strategy.

Covanta Acquires Miller Environmental Transfer

July 20, 2022

Environmental Services

Covanta has acquired Miller Environmental Transfer (MET), a Tulsa-based provider of waste transportation and treatment services that serves the South-Central United States. The deal expands Covanta's sustainable materials management capabilities—including carbon-neutral offerings—and strengthens operations around its Tulsa waste-to-energy facility.