Covanta Holding Corporation (rebranded Reworld Holding Corporation) Overview
Pro stress-test →Covanta is a waste and energy services company that owns and operates infrastructure for the conversion of waste to energy (WtE) and related waste transport, processing and disposal assets. The company operates approximately 41 WtE facilities in commercial operation, with approximately 39 located in North America.
Strategic Profile
Pro stress-test →In June 2026, EQT Infrastructure announced an agreement to acquire Covanta for $20.25 per share, valuing the transaction at $5.3 billion including net debt. The company changed its name to Reworld Holding Corporation in April 2024 as part of a broader rebranding toward sustainable waste solutions.
Competitive Landscape
Pro stress-test →Covanta competes in the fragmented waste-to-energy and waste management sector against larger diversified waste operators and specialized regional players. Primary competitors include Waste Management (WM), which dominates the broader collection and disposal market, and Veolia, a global water and waste services leader. Covanta differentiates through its concentrated WtE portfolio and specialized industrial/healthcare waste solutions.
Industry Context
Covanta Holding Corporation (rebranded Reworld Holding Corporation) operates in Waste-to-energy and energy-from-waste facilities.
Key facts
Founded: 1986 · Headquarters: Morristown, New Jersey, US · Employees: N/A · Revenue: N/A · Market cap: ~$2.1B (based on $20.25 acquisition price)