Recently the board of directors of General Environmental Management Inc. decided to shift the company’s business focus from hazardous waste field services to the higher-margin and faster-growing water treatment and waste-to-energy markets, while also reducing the company’s debt.

General Environmental believes it has one of the best managed and operated field services businesses in the country. This business has handled waste streams from some of the biggest companies in the country. The company is now focused on how to maximize the value of that business while it builds its high margin water treatment business and explores opportunities in the waste-to-energy technology market.

The company is making rapid strides toward transforming their business. A few weeks ago, California-based General Environmental announced that it had signed a binding letter of intent to acquire Santa Clara Waste Water. The deal is expected to close on or