Apply Valley is a solid waste company that offers collection, processing, disposal and recycling services throughout the Mid-Atlantic region.
This deal is Kinderhook’s 36th investment in the environmental services sector, it said.
“We are excited to bring Apple Valley into the fold at Gold Medal,” Michael Schmidt, executive vice president 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. Furthermore, the Entsorga West Virginia technology exemplifies our commitment to leveraging technology to build more sustainable waste management operations.”
Financing for the deal was provided by Comerica Bank, M&T Bank, Huntington National Bank and Citizens Bank. Kirkland & Ellis LLP and Potters & Della Pietra LLP provided legal counsel to Kinderhook.
Financial terms were not disclosed.