Reworld Holding Corporation

What Reworld Holding Corporation does

Reworld Holding Corporation is a U.S.-headquartered (Florham Park / Morristown, New Jersey) sustainable waste solutions operator that delivers end-to-end waste management services—from collection and logistics through treatment and final disposition—for municipal, commercial, and industrial customers. The company was formed when EQT Infrastructure acquired and took private the legacy waste-to-energy operator Covanta in November 2021, subsequently rebranding it as Reworld; Singapore sovereign wealth fund GIC acquired a 25% minority stake in January 2025 while EQT remained the largest shareholder. Reworld operates 90+ (now over 100) facilities including thermomechanical treatment facilities (TTFs) representing approximately 70% of total U.S. TTF capacity, materials processing facilities (MPFs), and 19 wastewater treatment plants, supported by a 3,000+ vehicle fleet. The company is permitted for 540+ hazardous waste codes and serves customers across ten verticals (chemical manufacturing, healthcare, manufacturing, energy & utilities, pharmaceutical & biotechnology, government agencies, municipalities, agriculture, retail & consumer brands, and transportation), with 40% of the Fortune 500 among its customer base.

The product portfolio is organized around five branded solutions: ReAssure (PFAS destruction validated with the EPA at 99% efficiency, ~17M tons of processing capacity), ReDirect360 (zero-waste-to-landfill routing with audit-ready documentation), ReMove (specialized hazardous and regulated waste logistics), ReDrop (industrial wastewater treatment with zero-discharge capability across 19 facilities), and ReKiln Fuels (the self-described #1 independent alternative engineered fuel supplier in North America, displacing coal in cement kilns, paper mills, and power plants). Revenue is generated primarily through transaction fees on waste treatment and disposal services, supplemented by energy recovery (the I-95 Lorton facility alone generates 93 MW of electricity from waste), with pricing structured around a 22.6% Environmental, Insurance and Security (EIS) surcharge plus variable fuel surcharges. Go-to-market is enterprise field sales targeting Fortune 500 industrial customers, supplemented by direct municipal government contracts (e.g., Boston, Fairfax County).

Reworld pursues growth through a combination of organic expansion (fleet growth of 50% since 2023, 30% YoY alternative fuel growth), an aggressive programmatic M&A roll-up (eight-plus acquisitions since 2022 across hazardous waste, environmental services, and logistics), and new product lines like ReAssure PFAS Destruction. The company employs approximately 4,400 people and is led by President and CEO Azeez Mohammed, with Brendan Ferretti appointed EVP of Business Development and M&A in June 2026 and former Dow Inc. executive Mauro Gregorio on the Board. In June 2026, S&P revised its credit outlook to negative (from stable) on the B+ issuer credit rating, citing weaker-than-expected performance and elevated financial leverage, indicating ongoing balance-sheet pressure despite operational expansion.

Name

Reworld Holding Corporation

Legal name

Reworld Holding Corporation

Website

https://www.reworldwaste.com

Company type

Private

Founded year

1939

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Reworld is a U.S. sustainable waste solutions operator serving municipal, commercial, and industrial customers through 100+ facilities (including 70% of U.S. thermomechanical treatment capacity) and a 3,000+ vehicle fleet. It delivers PFAS destruction, energy recovery, alternative fuels, and wastewater treatment to 40% of the Fortune 500.

Ownership category

akta.pro rank

Product category

Waste Management Services

NAICS

Hazardous Waste Treatment and Disposal (562211), Waste Treatment and Disposal (5622), Materials Recovery Facilities (562920)

SIC

Hazardous Waste Management (4955), Refuse Systems (4953), Sanitary Services (4950)

akta.pro primary industry

Industrial Hazardous Waste Services (Manufacturing, Refineries, Metals, Automotive) (EUAIAFAG)

akta.pro secondary industries

Hazardous Waste Recycling & Recovery (Solvent Recovery, Oil Re-refining, Metals Recovery) (EUAIAFAI), Hazardous Waste & Universal Waste Handling (Batteries, Lamps, Aerosols) (BPABALAE), Universal Waste Management (Batteries, Lamps, Mercury-Containing) (BPALAHAL), Used Oil & Oily Waste Management (Collection, Re-refining, Disposal) (BPALAFAI)

Keywords

• Sustainable waste solutions
• Hazardous waste treatment
• Waste-to-energy services
• Industrial wastewater treatment
• Alternative fuel production

Headquarters

HQ city

Morristown

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Technology or R&D, Supply Chain

Revenue model

1. Waste Treatment and Disposal Services: Fees charged for waste collection, treatment, and disposal services across hazardous waste, industrial waste, municipal waste, and regulated materials. Services include thermomechanical treatment, materials processing, and wastewater treatment.
2. Energy Recovery: Waste-to-energy facilities generate electricity from combustion of waste materials, with the I-95 Energy Resource Recovery Facility in Lorton generating 93 megawatts.
3. Environmental Services Surcharge: EIS Fee applied at 22.6% rate to cover environmental compliance, regulatory requirements, insurance, security, and energy/water management activities.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Reworld Holding Corporation provides end-to-end sustainable waste management services, including hazardous and regulated waste treatment, waste-to-energy recovery, industrial wastewater treatment, PFAS destruction, alternative engineered fuel production, and specialized waste logistics. Operating 90+ facilities and a 3,000+ vehicle fleet in the U.S., the company serves enterprises, municipalities, and government agencies with full chain-of-custody and audit-ready documentation across five branded solutions: ReAssure, ReDirect360, ReMove, ReDrop, and ReKiln Fuels.

Product overview

Reworld™ is a sustainable waste solutions platform offering a comprehensive suite of waste management services under five core branded products. The platform operates as an integrated network combining collection/logistics (ReMove™), treatment and destruction (ReAssure™ PFAS Destruction, ReKiln Fuels™), environmental compliance (ReDrop™ wastewater), and diversion services (ReDirect360™ zero waste-to-landfill). The company processes waste from generation through final disposal, providing full chain of custody and audit-ready documentation across hazardous, industrial, municipal, and regulated waste streams. ReAssure™ PFAS Destruction was launched in June 2026 to provide large-scale PFAS destruction using thermomechanical treatment facilities.

Differentiator

Problem solved

Functional benefit

Brands

• ReAssure™: PFAS destruction service providing large-scale destruction capacity for PFAS-containing materials using high-temperature facilities, demonstrating 99% destruction efficiency.
• ReDirect360™
• ReMove™
• ReDrop™
• ReKiln Fuels™

Products and services

• ReAssure PFAS Destruction High-temperature destruction service for PFAS-containing solid and liquid waste streams using Materials Processing Facilities (MPFs), Wastewater Treatment (WWT) facilities, and Thermomechanical Treatment Facilities (TTFs). Validated 99% destruction efficiency with EPA-tested protocols. Targeted at commercial, industrial, and municipal waste generators.
• ReDirect360 Zero Waste-to-Landfill Routing service that directs waste streams to recycling, reuse, or energy recovery programs to support corporate zero-waste goals. Includes waste stream audits and certificates for every job. For enterprises and manufacturers with landfill-avoidance commitments.
• ReMove Waste Logistics Specialized transportation service for hazardous, industrial, and regulated waste materials with 90+ processing facility network and 3,000+ vehicles. Includes real-time tracking and full chain of custody. Serves enterprises, municipalities, and government agencies nationwide.
• ReDrop Wastewater Treatment Industrial wastewater treatment, recycling, and reuse service handling metals, oils, organics, paints, and pharmaceutical waste. Operates 19 facilities with zero discharge capability and recovers petroleum for resale. For industrial manufacturers and refiners.
• ReKiln Fuels Engineered Fuel Alternative engineered fuel production service that converts non-recyclable waste into low-carbon fuel for cement kilns, paper mills, and power plants, replacing coal ton-for-ton. Self-described #1 independent supplier in North America with 361K metric tons of GHG avoided annually.

Quantifiable outcome

• 20M+ tons diverted from landfill annually
• +11 more outcomes

Named customers5 records

Segments10 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

One partnership is on record.

• Local Governments, Schools, and Community OrganizationsminorStrategic or Co-development PartnerReworld partners with local governments, schools, and community organizations for Earth Month initiatives including cleanup events, education programs, and beautification projects in locations including New Jersey, Pennsylvania, New York, Florida, and Indiana.

Scale indicators14 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Clean Harbors: Largest North American provider of hazardous and industrial waste management, environmental remediation, and emergency response — directly comparable to Reworld's hazardous waste handling, ReDrop wastewater, and industrial waste verticals.
• Stericycle: Specialist in regulated waste streams including medical waste, sharps, and pharmaceutical destruction — directly comparable to Reworld's healthcare and pharma/biotech customer segments and DEA/FDA-compliant destruction services.
• Heritage Environmental Services: Privately held hazardous waste treatment, disposal, and recycling company serving manufacturing, chemical, and pharma customers — closely comparable to Reworld's industrial hazardous waste and ReKiln alternative fuels business.
• Wheelabrator Technologies (Macquarie): Operates one of the largest U.S. waste-to-energy and waste-processing fleets; the most direct comparable to Reworld's TTF network and energy-recovery revenue model.

Broad incumbents

• Waste Management, Inc. Largest North American solid waste and recycling services company; broader portfolio than Reworld but overlapping in municipal contracts, materials recovery, and landfill-alternative waste-to-value solutions.
• Republic Services: Major U.S. non-hazardous solid waste hauler with growing recycling and sustainability services — comparable to Reworld on the municipal and ReDirect360 zero-waste-to-landfill offerings, though with less hazardous waste exposure.
• Veolia North America: Subsidiary of Veolia Environnement; provides hazardous waste management, water treatment, and energy-from-waste services — directly comparable to Reworld's ReDrop wastewater and waste-to-energy verticals with broader geographic reach.
• Suez (now part of Veolia): Global environmental services and water/waste management player; overlaps with Reworld's recycling, recovery, and water treatment capabilities across industrial and municipal customers.

Regional players

• Casella Waste Systems: Regional solid waste, recycling, and resource management operator in the Northeast U.S.; comparable to Reworld's municipal and recycling operations in overlapping Northeast geography.

Others

• Covanta (legacy entity references): Historical predecessor — Reworld itself was rebranded from Covanta following EQT's 2021 take-private; legacy Covanta contracts, assets, and capital structure remain the foundation of the current platform, useful for historical benchmarking.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@reworldwaste
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• Instagraminstagram.com/reworldwaste

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries1 record

Funding overview

Funding rounds2 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A16 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Reworld Holding Corporation