Ironwood Capital, a private equity firm based in Avon, Connecticut, has announced an exit from its investment in Gold Medal Environmental, Deptford, New Jersey. Ironwood made its original investment in Gold Medal in 2015.
Gold Medal is a waste and recycling company servicing Pennsylvania, New Jersey and Delaware. It serves residential, institutional, commercial and industrial locations and offers collection, recycling, disposal and dumpster rental services 24/7.
The company was sold to Kinderhook Industries, a private investment firm based in New York City, which invested in partnership with BioHiTech Global, a manufacturer of waste management technologies headquartered in Chestnut Ridge, New York.
"We are proud to have recognized the growth potential for Gold Medal and provided the resources required to get the company to the next level. The company is well positioned for strong growth in the densely populated Philadelphia and southern New Jersey markets,” Dickson Suit, Ironwood Capital managing director, says. "We are pleased with our hand-off to Kinderhook/BioHiTech and confident of their ability to execute on their vision of a next-generation sustainable environmental services company."
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