Circon Holdings, Inc. has entered into an agreement to be acquired by Covanta Holding Corporation, positioning it for expanded growth in sustainable environmental services.

Information on the Target

Circon Holdings, Inc. ("Circon" or the "Company"), a portfolio company of Kinderhook Industries, LLC, has signed a definitive stock purchase agreement for its acquisition by Covanta Holding Corporation ("Covanta"). The deal is contingent upon receiving customary regulatory approvals, and specific financial terms have not been disclosed. Headquartered in La Porte, Texas, Circon is a comprehensive provider of sustainable environmental services, catering to a diverse clientele across over 20 waste facilities throughout the Midwest, Southeast, and Gulf Coast regions.

Since its rebranding in 2015, Circon has focused on delivering sustainability-oriented environmental solutions, bolstered by partnerships with several industry entrepreneurs that have cultivated a dynamic and growth-driven organizational culture. Over the last eight years, Kinderhook has made significant investments aimed at promoting both organic and acquisition-based growth across the Circon platform, solidifying its position as a leader in the environmental services sector.

Industry Overview in the Target’s Specific Country

The environmental services industry in the United States is rapidly evolving, driven by increasing regulatory pressures and a growing emphasis on sustainability. With environmental concerns at the forefront, companies in this sector are pivoting towards