BioHiTech Global, Kinderhook partner to buy Gold Medal Environmental

Ironwood Capital, an Avon, Connecticut-based private equity firm, has announced the company’s exit from its investment in Gold Medal Environmental, a waste and recycling company headquartered in Deptford, New Jersey.

Ironwood, which made its original investment in Gold Medal Environmental in 2015, says the New Jersey company was sold to Kinderhook Industries, which invested in a partnership with BioHiTech Global. BioHiTech is a Chestnut Ridge, New York-based developer of waste management technologies. Kinderhook is a New York, New York-based private investment firm that manages more than $2 billion of committed capital.

Gold Medal services regions of Pennsylvania, New Jersey and Delaware. The company offers a complete range of integrated services to thousands of customers in those regions, serving residential, institutional, commercial and industrial locations. Gold Medal offers collection, recycling, disposal and dumpster rental services 24/7.

“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,” says Dickson Suit, Ironwood Capital managing director. “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.”