Covanta, the world’s largest owner and operator of energy-from-waste facilities, has acquired West Allis-based Milwaukee-based Advanced Waste Services Inc.
Covanta is operated by Morristown, N.J.-based Covanta Holding Corp. 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. The company’s stock is traded on the New York Stock Exchange with the ticker symbol “CVA.”
Advanced Waste Services is an environmental services firm specializing in non-hazardous and hazardous industrial waste disposal and cleaning services. The company’s headquarters are located at 1126 S. 70th St. in West Allis. The company also operates a ChemWorks Treatment Facility in Milwaukee at 3801 W. McKinley Ave. The firm has additional facilities in Rockford, Ill.; Portage, Ind.; New Castle, Pa.; and Cedar Rapids, Iowa.
“I can confirm the acquisition. We’re very excited about the acquisition, and we think it’s a great business,” said Covanta spokesman James Regan.
Regan said Advanced Waste Services’ management team and employees will be retained. Additional details will not be disclosed until Covanta’s next quarterly report is released in July, Regan said. Financial terms of the transaction were not disclosed.