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Veolia North America has acquired U.S. Industrial Technologies (USIT), a Michigan-based company specializing in industrial waste management, to enhance its hazardous waste market presence in the United States. This strategic move reinforces Veolia's commitment to environmental sustainability and expands its reach in providing customized services to a range of industries.
November 1, 2023
Veolia North America has announced the acquisition of U.S. Industrial Technologies (USIT), expanding its hazardous waste market share in the United States.
Founded in 1996, Michigan-based USIT manages industrial waste streams for auto and other large manufacturers as well as businesses and municipalities.
Bob Cappadona, president and CEO of Veolia's Environmental Solutions and Services segment, stated that the acquisition aligns with the company's values of meeting customer needs.
"This represents a strategic expansion of scope in terms of volume for VNA's hazardous waste business, which has a well-established reputation for service excellence and continues to grow to meet the challenges and demands across the U.S. for the safe, sustainable management of complex waste streams," he commented about the news.
The acquisition of USIT also fortifies Veolia's commitment to environmental progress, focusing on fighting water and ground pollution and protecting resources through the innovative management of hazardous waste. The combination bolsters Veolia's customized services for large manufacturers in technology, healthcare and pharmaceutical as well as petro and agriculture chemical industries. It also provides an avenue to advance recycling solutions for wind energy blades and industrial solvents.
Jerome Prezekop, USIT owner, noted the acquisition as a natural progression for the company.
"This marks a logical and strategic next step for USIT, which has been able to build a strong foothold among its customers and is now poised to accelerate its growth potential through the affiliation with Veolia," he stated. "I have a deep appreciation for Veolia's culture of safety and compliance and its team-based commitment to customer service, which is the foundation for USIT's success as well."
The combination of both companies expands Veolia's Environmental Solutions and Services segment to more than 200 locations across the U.S., employing a workforce of more than 2,300.
Financial terms and details about the transaction were not disclosed.
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