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Benzinga

Business

Phil Hall

Charah Solutions Acquires Three GenOn Properties For Environmental Remediation And Redevelopment

Pennsylvania Kentucky Louisville NYSE

Charah Solutions Inc (NYSE:CHRA), a Louisville, Kentucky-based provider of environmental services and byproduct sales to the power generation industry, is acquiring three Pennsylvania operations — the Cheswick Generating Station, the Lefever Ash Landfill and the Monarch Wastewater Treatment Facility — from GenOn Holdings LLC, a Houston-based power producer. The goal is sustainable environmental remediation and redevelopment of the properties. The financial terms of the transaction were not disclosed.

What Happened: A Charah subsidiary, Charah Environmental Redevelopment Group LLC (CERG), will take over the operations at the three properites.

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