About Covanta
Covanta is an Environment company based in Morristown (United States) founded in 1983, and was acquired by EQT in July 2021. Provider of waste recycling services. Covanta has completed 10 acquisitions, including BIOLOGIC, Buffalo Fuel and CIRCON Environmental. Covanta offers products and services including ReDirect360, ReKiln Fuels, ReDrop Wastewater Solutions, and ReMove Waste Logistics. Its focus areas include Waste & Water Management, Waste Management, Treatment and Recycling. Its legal entity is Reworld Waste, LLC. Its competitors include Lakeshore Recycling, CMC and TerraCycle; 2 of its 3 listed competitors have raised funding.
Company details
Covanta was established in 1983 and is based in Morristown, United States. Activities are centered on the environmental services sector, with operations involving waste recycling and recovery processes. Services encompass collection, processing, and conversion of waste materials into usable resources, including energy generation. Facilities are maintained across North America to handle municipal and industrial waste streams, supporting diversion from landfills and compliance with regulations.
Products & Services of Covanta
Covanta offers a comprehensive portfolio of products and services, including ReDirect360, ReKiln Fuels, ReDrop Wastewater Solutions, and ReMove Waste Logistics.
Platform for achieving zero waste-to-landfill through diversion strategies.
Service converting waste into alternative fuels for energy recovery.
System for treating and recycling industrial wastewater effectively.
Logistics for efficient waste transportation and handling processes.
Apps and channels of Covanta
its YouTube channel Reworld™ has 2.54K subscribers and 30 videos.
Videos from Covanta
The most watched videos on Covanta's YouTube channel, Reworld™ (2.54K subscribers). Click a video to play it here.
More on Reworld™.
Funding Insights of Covanta
- Total Rounds 3
- Last Round Debt – Conventional — $50M
- First Round $400M
(Mar 2012)
All 3 funding rounds of Covanta with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2019 | $50M | Debt – Conventional | – | – | – |
| Aug 2018 | $1.3B | Debt – Conventional | – | – | – |
| Mar 2012 | $400M | Debt – Conventional | – | – | – |
1 investors in total: 1 institutional.
Investors in Covanta
Covanta has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include EQT.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
EQT is recognized as a global investment organization focused on value creation. | 1994 | eqtgroup.com | Stockholm, Sweden |
Investor details for Covanta
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People of Covanta
73 people are tracked at Covanta (27 in leadership, 6 in board & advisors, 40 in team).
| Name | Role | Group |
|---|---|---|
Pradeesh R. Simpson | Regional Sales Director | Leadership |
Jennifer McLimans | Sr. Director Client Services | Leadership |
Brian Woods | Sr. Director Finance | Leadership |
Lindsay Schmidt | SR HR Director, Midwest Region | Leadership |
Whitney Murphy | Talent Acquisition Partner | Leadership |
Azeez Mohammed | President & CEO | Leadership |
Matthew Mulcahy | EVP & Head, Corporate Development | Leadership |
Paul Stauder | President, Covanta Environmental Solutions | Leadership |
Tequila Smith | EVP & Chief Sustainability Officer | Leadership |
Nathan Cabbil | President, West Region | Leadership |
Gagan Sood | EVP & Chief Transformation Officer | Leadership |
Adel Omrani | President, East Region | Leadership |
Amir Hafzalla | President, South Region | Leadership |
Selma Kivran | President, Midwest Region | Leadership |
Robin Brand | Senior Director, HR Transformation & Talent | Leadership |
Johnny Davis | Director Of Project Development | Leadership |
Chetan Chauhan | Chief Operating Officer - Midwest | Leadership |
Tamika McCormack - Sphr | Talent Acquisition Manager & Business Partner | Leadership |
Holly Weston | Vice President Human Resources | Leadership |
Lisa McArdle | Director, Corporate Human Resources & DEI Strategy & Program Leader | Leadership |
53 more people are available in the full profile.
Complete people profiles for Covanta
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Investments & Acquisitions by Covanta
Covanta has strategically engaged in corporate development activities, having acquired 10 companies. Notable acquisitions include BIOLOGIC, Buffalo Fuel and CIRCON Environmental.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Hazardous and non-hazardous waste and wastewater treatment services are provided. | circonenviro.com | La Porte, United States | 2013 | Apr 2023 | •••• | |
Wastewater management services are provided in the United States. | globalcycleinc.com | Taunton, United States | 2014 | Jan 2023 | •••• | |
Waste disposal services are provided to various clients. | globalremediation.com | Taunton, United States | 1999 | Jan 2023 | •••• | |
Triple pass drying systems are distributed by Frontier Fibers. | frontierfibers.com | North Tonawanda, United States | 2011 | Dec 2022 | •••• | |
Road-based oil transportation services are provided by BFC. | buffalofuel.com | Niagara Falls, United States | 1953 | Dec 2022 | •••• | |
Provider of waste management services and recycling programs | sgsrecovery.com | Niagara Falls, United States | 1953 | Dec 2022 | •••• | |
Provider of waste management services | biologic-esws.com | Hayward, United States | 2010 | Aug 2022 | •••• | |
Pump recycling services are provided by Quantex Technologies in Canada. | quantex.ca | Kitchener, Canada | 1964 | Feb 2018 | •••• | |
Waste recycling services are provided in the United States. | cwsva.com | Manheim, United States | 2000 | Sep 2015 | •••• | |
Waste recovery and disposal services are provided to various clients. | wrsinc.com | Myerstown, United States | 1999 | Sep 2015 | •••• |
Complete acquisition details for Covanta
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
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Timeline of Covanta
15 dated milestones of Covanta across 40 years, from founding to its latest funding, stage changes and deals.
- Founded Covanta is founded.
- IPO Lists on the stock exchange (IPO).
- Funding First funding round of $400.0M.
- Acquisition Acquires Chesapeake Waste Solutions.
- Acquisition Acquires Waste Recovery Soutions.
- Acquisition Acquires Quantex Technologies.
- Funding Latest funding round, Debt – Conventional, of $50.0M.
- Exit Acquired by EQT.
- Acquisition Acquires BIOLOGIC.
- Acquisition Acquires SGS Recovery.
- Acquisition Acquires Frontier Fibers.
- Acquisition Acquires Buffalo Fuel.
- Acquisition Acquires Global Remediation Services.
- Acquisition Acquires Globalcycle.
- Acquisition Acquires CIRCON Environmental.
Competitors of Covanta
Covanta has 3 listed competitors in our database, 2 of them funded. They include Lakeshore Recycling, CMC and TerraCycle.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| lrsrecycles.com | 1999 | Oconomowoc, United States | $4.5M | Waste recycling services are provided across the United States. | ||
| cmc.com | 1915 | Irving, United States | 13,022 | CMC is engaged in metal recycling and steel production. | ||
| terracycle.com | 2001 | Trenton, United States | $27.42M | Waste recycling services for hard-to-recycle plastics are provided. |
Detailed competitors of Covanta
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Web traffic of Covanta
The website of Covanta (covanta.com) receives about 1K visits a month.
- Monthly visits1K
Websites whose visitors overlap most with Covanta. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
wheelabratortechnologies.com | wheelabratortechnologies.com | 100% | – | ||
| r-e-a.net | 92% | 9.7K | #2,353,816 | View details | |
power-eng.com | power-eng.com | 91% | #710,324 | – | |
| ewastedisposal.net | 90% | 2.2K | #7,211,278 | View details | |
ecycleenvironmental.com | ecycleenvironmental.com | 88% | #6,747,107 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 10 similar websites and full traffic analytics for Covanta
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- 10 similar websites
- Audience overlap
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Top companies in Waste & Water Management Systems
3 companies that operate in the same segment as Covanta (Waste & Water Management Systems) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Waste collection and management services are provided nationwide. | 1968 | Houston, Texas, United States | USD 25.2 B | 61,700 | ||
Integrated waste management services are provided nationwide. | 1998 | Phoenix, Arizona, United States | USD 16.59 B | 42,000 | ||
Smart water dispensers with flavored options are provided for offices. | 2013 | Boston, Massachusetts, United States | USD 135.53 M | 102 |
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Related news about Covanta
Complete news archive for Covanta
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Frequently Asked Questions about Covanta
Covanta was founded in 1983 and raised its 1st funding round 29 years after it was founded.
Covanta is headquartered in Morristown, United States. It is registered at Morristown, New Jersey, United States.
Covanta was established in 1983 and is based in Morristown, United States. Activities are centered on the environmental services sector, with operations involving waste recycling and recovery processes. Services encompass collection, processing, and conversion of waste materials into usable resources, including energy generation. Facilities are maintained across North America to handle municipal and industrial waste streams, supporting diversion from landfills and compliance with regulations.
Covanta's top competitors include Lakeshore Recycling, TerraCycle and CMC.
Covanta offers ReDirect360, ReKiln Fuels, ReDrop Wastewater Solutions, and ReMove Waste Logistics.
Covanta has made 10 acquisitions, including BIOLOGIC, Buffalo Fuel, and CIRCON Environmental.
Covanta has 1 investor. Key investors include EQT.
Covanta operates through Reworld Waste, Llc.
Yes. Covanta was acquired by EQT in July 2021.