On the Record · Covanta Holding
Covanta Holding acquisitions, on the record
The businesses Covanta Holding bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
one environmental services business located in Toronto, CanadaWord for word“During the first quarter of 2018, we acquired one environmental services business located in Toronto, Canada for approximately $4 million, expanding the capabilities and client service offerings of our CES business in Canada.” 10-K for 2018 | acquisition | During the first quarter of 2018 | approximately $4 million |
Palm Beach Resource Recovery Corporation ("PBRRC")Word for word“In September 2018, we acquired the Palm Beach Resource Recovery Corporation ("PBRRC") for $46 million .” 10-K for 2018 | acquisition | In September 2018 | $46 million |
50% of our Dublin EfW facility (sold to joint venture with Green Investment Group Limited)Word for word“In February 2018, GIG invested in our Dublin EfW facility, acquiring 50% ownership for €136 million, while we retained a 50% equity interest, through a joint venture, and retained our role as operations and maintenance ("O&M") service provider for the facility.” 10-K for 2018 | divestiture | February 2018 | €136 million |
Koma Kulshan (sale of equity interests)Word for word“During the year ended December 31, 2018 , we recorded a $7 million gain on the sale of our equity interests in Koma Kulshan, a $204 million gain on the sale of 50% of our Dublin EfW facility to our joint venture with the Green Investment Group Limited and a $6 million gain on the sale of our remaining interests in China.” 10-K for 2018 | divestiture | During the year ended December 31, 2018 | $7 million gain |
remaining interests in ChinaWord for word“During the year ended December 31, 2018 , we recorded a $7 million gain on the sale of our equity interests in Koma Kulshan, a $204 million gain on the sale of 50% of our Dublin EfW facility to our joint venture with the Green Investment Group Limited and a $6 million gain on the sale of our remaining interests in China.” 10-K for 2018 | divestiture | During the year ended December 31, 2018 | $6 million gain |
EfW facilities in Pittsfield and Springfield, MassachusettsWord for word“We divested our interests in the following: ◦ our EfW facilities in Pittsfield and Springfield, Massachusetts ◦ a transfer station in Wallingford, Connecticut; and ◦ a hydroelectric facility located in the state of Washington.” 10-K for 2019 | divestiture | — | — |
a transfer station in Wallingford, ConnecticutWord for word“We divested our interests in the following: ◦ our EfW facilities in Pittsfield and Springfield, Massachusetts ◦ a transfer station in Wallingford, Connecticut; and ◦ a hydroelectric facility located in the state of Washington.” 10-K for 2019 | divestiture | — | — |
a hydroelectric facility located in the state of WashingtonWord for word“We divested our interests in the following: ◦ our EfW facilities in Pittsfield and Springfield, Massachusetts ◦ a transfer station in Wallingford, Connecticut; and ◦ a hydroelectric facility located in the state of Washington.” 10-K for 2019 | divestiture | — | — |
Springfield and Pittsfield EfW facilitiesWord for word“During the second quarter of 2019, as part of our ongoing asset rationalization and portfolio optimization efforts, we divested our Pittsfield and Springfield EfW facilities.” 10-K for 2019 | divestiture | During the second quarter of 2019 | — |
Palm Beach Resource Recovery CorporationWord for word“In September 2018, we acquired the Palm Beach Resource Recovery Corporation ("PBRRC") for $ 46 million .” 10-K for 2019 | acquisition | In September 2018 | $ 46 million |
environmental services business located in Toronto, CanadaWord for word“During 2018 , we acquired one environmental services business located in Toronto, Canada, for approximately $ 4 million .” 10-K for 2019 | acquisition | During 2018 | approximately $ 4 million |
50% of our Dublin EfW to our joint venture with GIGWord for word“During the year ended December 31, 2018, we recorded a $7 million gain on the sale of our equity interests in a hydroelectric facility, a $204 million gain on the sale of 50% of our Dublin EfW to our joint venture with GIG and a $6 million gain on the sale of our remaining interests in China.” 10-K for 2019 | divestiture | — | $204 million gain |
a portion of our interests in the construction phase Rookery EfW facility to our joint venture partner GIGWord for word“$22 million cash received upon the sale of a portion of our interests in the construction phase Rookery EfW facility to our joint venture partner GIG.” 10-K for 2019 | divestiture | — | $22 million cash received |
Warren County, New Jersey EfW facilityWord for word“We ceased operations at our EfW facility in Warren County, New Jersey; and” 10-K for 2019 | divestiture | — | — |
Pittsfield and Springfield WtE facilitiesWord for word“During the second quarter of 2019, as part of our ongoing asset rationalization and portfolio optimization efforts, we divested our Pittsfield and Springfield WtE facilities.” 10-K for 2020 | divestiture | second quarter of 2019 | — |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Goodwill from acquisitions |
|---|---|---|
| 2016-12-31 | $9 million | $1 million |
| 2017-12-31 | $16 million | $11 million |
| 2018-12-31 | $50 million | $8 million |
| 2019-12-31 | −$2 million | $0 |
| 2020-12-31 | $0 | — |
Deal filings since 2016
- 2021-11-30 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-11-30 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2021-09-09 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-07-16 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-08-25 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-12-09 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-10-18 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-08-30 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-03-16 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from Covanta Holding’s annual reports (10-K for 2020, 10-K for 2019, 10-K for 2018) and the financial data it files with the SEC, as of 2021-02-19. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.