Covanta has acquired SGS Recovery, Frontier Fibers, and Buffalo Fuel Corp.. The companies are a suite of non-hazardous industrial waste processing, logistics, and product reuse operations located in Niagara Falls, N.Y. The three acquisitions represent the latest in a series of transactions following Covanta's purchase by the EQT Infrastructure fund last year, broadening the company's geographic footprint, expanding its user base, and diversifying its zero-waste-to-landfill and carbon-negative capabilities.
The three acquisitions follow Covanta's acquisition of Miller Environmental Transfer and Biologic Environmental Services and Waste Solutions.
Covanta's acquisition of SGS Recovery, Frontier Fibers, and Buffalo Fuel Corp.
SGS Recovery
SGS Recovery offers a manufactured product to replace traditional fossil fuels for commercial applications in the cement and lime industry. This alternative energy source is produced to meet the precise needs, specifications, and demands of the user. The resulting fuel significantly reduces kiln emissions and is a direct replacement for traditional feedstocks.
Frontier Fibers
Using highly absorbent, 100 percent biodegradable materials, Frontier Fibers provides bedding for dairy, livestock, and equestrian markets. Composed of residual fibre, Frontier Fibers' bedding is a product that adds value to reuse solutions that support end-of-life supply chains and circular economic growth.
Buffalo Fuel Corp.
Providing total transportation and recycling solutions for an expansive variety of waste, Buffalo Fuel Corp. delivers hauling and logistics services that focus on reliability and safety.
G. Aaron Santarosa, the owner of SGS Recover, Frontier Fibers, and Buffalo Fuel Corp., says that the three companies will be able to deliver their services at a larger scale than before following Covanta's acquisition
The three waste facilities bring with them a management team with a record of business growth, increased transportation capabilities, and a diversified and complementary user base. The acquisitions enable Covanta to strengthen its ESG goals with the addition of alternative engineered fuels and waste-to-product services to its existing portfolio. The acquisitions are close to Covanta's waste-to-energy and material processing facilities in Western New York.
