Avalon Holdings Corp (AWX) is a diversified services company that operates waste brokerage and management services alongside golf, country club, and recreational facilities. Revenue comes from two distinct segments: fee-based waste brokerage arrangements with industrial and commercial customers, and membership fees, greens fees, lodging, and activity charges across its portfolio of golf courses, country clubs, and athletic facilities. The company operates primarily in Ohio and Pennsylvania. Ronald E. Klingle has served as Chairman since June 1998 and has held the CEO role across multiple tenures, most recently reassuming it in February 2011. Michael J. Havalo was appointed CFO, Treasurer, and Secretary in June 2023. The waste services segment competes on identifying cost-efficient disposal options for customers, while the golf and recreation segment includes Avalon Golf and Country Club, Avalon Field Club at New Castle (Pennsylvania), Avalon Athletic Club at Boardman (Ohio), and Avalon Med Spa. The company carries asset-based lending arrangements with Premier Bank, formerly Home Savings Bank, as disclosed in filings through August 2020.

Revenue model

Waste brokerage and management services generate fees by arranging disposal for commercial and industrial customers. The golf and country club segment earns membership fees, greens fees, lodging revenue from The Grand Resort, and charges for athletic, fitness, and recreational activities. Avalon Med Spa earns fees for nonsurgical aesthetic services. The saltwater injection well subsidiary, AWMS Water Solutions, LLC, manages well operations for a percentage of gross revenues.

Products and services

Waste brokerage and management services; golf course operations under Avalon Golf and Country Club; Avalon Field Club at New Castle (golf course and clubhouse, New Castle, Pennsylvania); Avalon Athletic Club at Boardman (indoor tennis, basketball, volleyball, pickleball, and fitness, Boardman, Ohio); The Grand Resort hotel; Avalon Med Spa (nonsurgical aesthetic services, Warren, Ohio); saltwater injection well operations through AWMS Water Solutions, LLC.

Customers and end markets

Commercial and industrial customers for waste brokerage and management services. Golf and country club members, hotel guests at The Grand Resort, and individual consumers for recreational and aesthetic services. The filing notes that economic challenges in the industries served by the waste segment can result in customer payment defaults.

Value-chain role

In waste services, Avalon acts as a broker and manager, identifying disposal options for customers rather than operating landfills directly. In golf and recreation, Avalon owns and operates facilities directly. AWMS Water Solutions manages saltwater injection well operations on behalf of well-owning subsidiaries for a percentage of gross revenues.

Geographic exposure

Operations concentrated in northeastern Ohio and western Pennsylvania, based on disclosed facility locations including Warren, Ohio (headquarters and Avalon Med Spa), Boardman, Ohio (Avalon Athletic Club), and New Castle, Pennsylvania (Avalon Field Club).

Source: SEC 10-K, filed 2026-03-19

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