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Synagro Technologies' bankruptcy will bring jobs to Baltimore
Synagro Technologies' bankruptcy will bring jobs to Baltimore

A Wednesday bankruptcy filing by Synagro Technologies Inc. means growth and new jobs for the Baltimore area as the waste recycler consolidates its headquarters in White Marsh. The Carlyle Group LP-owned company, which had been co-headquartered in Baltimore and Houston, said Wednesday that it would use bankruptcy to restructure debt and sell its assets to EQT Infrastructure in a $455 million deal. The company filed for a Chapter 11 reorganization of its debts in U.S. Bankruptcy Court in Delaware and said it expects the sale to be completed in two to three months. As part of a plan to strengthen the balance sheet and position the company for growth, Synagro decided in early April to close...

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