ReEnergy Holdings LLC has acquired a construction and demolition (C&D) waste and recycling facility in Boston with the purchase of United Waste Management Inc. (UWM) for an undisclosed amount.
The Albany, N.Y.-based renewable energy company said in a news release the purchase of the C&D disposal and recycling facility will increase its presence in the eastern New England market, particularly Boston. It will enhance ReEnergy’s ability to convert a significant percentage of recovered wood into high-quality fuel to generate renewable energy.
The new facility will complement ReEnergy’s existing operations, which include eight renewable energy generation facilities in New England and northern New York and two C&D material processing facilities that serve the eastern New England/Boston metropolitan area marketplace. ReEnergy will take on UWM’s 21 employees.
“This addition to our portfolio exemplifies our strategy to build a vertically integrated renewable energy company,” said ReEnergy CEO Larry Richardson.