Covanta Holding Corporation (Covanta) has announced that it has entered into a definitive agreement to acquire Circon Holdings, Inc. (Circon) a portfolio company of Kinderhook Industries (Kinderhook).

This partnership will deliver sustainable offerings with the expanded network, increased operational efficiency and strong environmental solutions-based innovations from Covanta. Circon is a full-service provider of sustainable environmental services with a customer base across more than 20 waste facilities in the Midwest, Southeast and Gulf Coast. This acquisition is noteworthy for Covanta due to Circon’s geographic reach over multiple regions of the country and its suite of circularity offerings in wastewater treatment, and non-hazardous and hazardous waste management.

Covanta has retained Simpson Thacher & Bartlett LLP as their legal advisor, while Circon and Kinderhook have hired Kirkland & Ellis LLP as their legal advisors. Circon and Kinderhook are also being advised by Brown Gibbons Lang (BGL) & Company and Houlihan Lokey as their financial advisors.