Kinderhook (town), New York

BioHiTech Global Sells 2.2% Stake in Gold Medal Group for $2.25 Million

Retrieved on: 
Tuesday, July 30, 2019
Physical sciences, Chemistry, Atoms, Kinderhook Industries, Stake, Kinderhook (town), New York, Gold

CHESTNUT RIDGE, N.Y., July 30, 2019 /PRNewswire/ -- BioHiTech Global, Inc. ("BioHiTech" or the "Company") (NASDAQ: BHTG), a technology and services company that provides cost-effective and sustainable waste management solutions, today announced the sale of its 2.2% stake in Gold Medal Group, LLC ("Gold Medal Group") to Gold Medal Equity, LLC, an entity owned by Kinderhook Industries, for $2.25 million in cash.

Key Points: 
  • CHESTNUT RIDGE, N.Y., July 30, 2019 /PRNewswire/ -- BioHiTech Global, Inc. ("BioHiTech" or the "Company") (NASDAQ: BHTG), a technology and services company that provides cost-effective and sustainable waste management solutions, today announced the sale of its 2.2% stake in Gold Medal Group, LLC ("Gold Medal Group") to Gold Medal Equity, LLC, an entity owned by Kinderhook Industries, for $2.25 million in cash.
  • BioHiTech acquired its stake in Gold Medal in January 2018 in exchange for 500,000 shares of its common stock.
  • "We are pleased to have completed the sale of our stake in Gold Medal Group to help us focus our financial resources on the growth of our HEBioT resource recovery technology in the Northeast US," stated Frank E. Celli, CEO of BioHiTech Global.
  • "Over the past two years our relationship with Gold Medal Group and Kinderhook has strengthened to include their $5.5 million investment into our HEBioT development subsidiary this past December.

Gold Medal Acquires Apple Valley Waste

Retrieved on: 
Monday, December 3, 2018
Technology, Apple Inc., Kinderhook Industries, Kinderhook (town), New York, Kinderhook, OK, Economy of the United States, Science and technology in the United States

SEWELL, N.J., Dec. 3, 2018 /PRNewswire/ -- Gold Medal Group and its wholly-owned subsidiaries (collectively "Gold Medal" or the "Company"), a portfolio company of Kinderhook Industries, LLC ("Kinderhook") and its minority partner BioHiTech Global, Inc. ("BioHiTech") (NASDAQ: BHTG) are pleased to announce the acquisition of Apple Valley Waste Services, Inc. ("Apple Valley").

Key Points: 
  • SEWELL, N.J., Dec. 3, 2018 /PRNewswire/ -- Gold Medal Group and its wholly-owned subsidiaries (collectively "Gold Medal" or the "Company"), a portfolio company of Kinderhook Industries, LLC ("Kinderhook") and its minority partner BioHiTech Global, Inc. ("BioHiTech") (NASDAQ: BHTG) are pleased to announce the acquisition of Apple Valley Waste Services, Inc. ("Apple Valley").
  • "We are excited to bring Apple Valley into the fold at Gold Medal," stated Michael Schmidt, EVP of Strategic Growth and Development of Gold Medal.
  • "Apple Valley has established itself as a leader within its markets, allowing Gold Medal to expand its presence as a leading provider of waste collection, disposal, and recycling services from West Virginia to New Jersey.
  • Rob Michalik, Managing Director of Kinderhook, stated, "We are pleased to have assisted Gold Medal in strengthening its operations by adding Apple Valley to the platform.