Covanta acquires Chief Industrial Services

Morristown, New Jersey-based Covanta has announced that its subsidiary, Covanta Environmental Solutions, has acquired Chief Industrial Services, a privately-held environmental services company located in Winneconne, Wisconsin. The acquisition will expand and complement Covanta's existing capabilities in the Midwest, following the 2015 acquisition of Milwaukee-based Advanced Waste Services.

This most recent acquisition adds two locations to Covanta Environmental Solutions' current asset base and increases a portfolio of services and customized solutions to current and future customers. Chief specializes in tailored nonhazardous waste management and industrial cleaning services for industrial and commercial customers in the Midwest.

"The acquisition of Chief reinforces Covanta's commitment to growing our environmental services business by expanding our nonhazardous liquid and solid waste collection, transportation and waste treatment capabilities. We also believe that the integration of Chief with the previous acquisition of Advanced Waste Services will provide opportunities for synergies," says Paul Stauder, president, Covanta Environmental Solutions.

Created through both organic growth and the acquisition of several well-established environmental services companies, Covanta Environmental Solutions offers comprehensive industrial material management services to companies seeking solutions to complex environmental challenges. With a nationwide network of treatment, recycling and energy-from-waste facilities, Covanta Environmental Solutions enables customers to mitigate risk and reach their sustainability goals.

Annually, Covanta's EFW facilities convert approximately 20 million tons of waste from municipalities and businesses into renewable electricity to power 1 million homes and recycle approximately 500,000 tons of metal. Through a vast network of treatment and recycling facilities, Covanta also provides comprehensive industrial material management services to companies seeking solutions to some of today's most complex environmental challenges.