Red Dog Equity Sells Superior Waste
GFL Environmental (NYSE: GFL) has acquired Superior Waste Industries, LLC in an all-cash transaction from Red Dog Equity LLC. Superior Waste, established in March 2022 by waste industry veteran Billy Dietrich, has built a significant presence in Oklahoma through strategic acquisitions including Central Disposal, Harley Hollan, Sue's Recycling and Sanitation, and SDS Roll-off Dumpsters.
The company has established operations across multiple Oklahoma markets including Shawnee, Tulsa, Vian, and Eufaula. The transaction represents a successful exit for Red Dog Equity, which partnered with Superior Waste in its growth strategy focused on people, systems, and processes.
GFL Environmental (NYSE: GFL) ha acquistato Superior Waste Industries, LLC in un’operazione interamente in contanti da Red Dog Equity LLC. Fondata a marzo 2022 dall’esperto del settore dei rifiuti Billy Dietrich, Superior Waste ha consolidato una presenza rilevante in Oklahoma attraverso acquisizioni mirate tra cui Central Disposal, Harley Hollan, Sue's Recycling and Sanitation e SDS Roll-off Dumpsters.
L’azienda ha avviato attività in diversi mercati dell’Oklahoma, tra cui Shawnee, Tulsa, Vian ed Eufaula. L’operazione rappresenta un’uscita positiva per Red Dog Equity, che aveva supportato Superior Waste nella sua strategia di crescita basata su persone, sistemi e processi.
GFL Environmental (NYSE: GFL) ha adquirido Superior Waste Industries, LLC en una transacción totalmente en efectivo desde Red Dog Equity LLC. Superior Waste, fundada en marzo de 2022 por el veterano del sector de residuos Billy Dietrich, ha logrado una presencia significativa en Oklahoma mediante adquisiciones estratégicas como Central Disposal, Harley Hollan, Sue's Recycling and Sanitation y SDS Roll-off Dumpsters.
La compañía ha establecido operaciones en varios mercados de Oklahoma, incluidos Shawnee, Tulsa, Vian y Eufaula. La transacción supone una salida exitosa para Red Dog Equity, que se asoció con Superior Waste para impulsar su estrategia de crecimiento centrada en las personas, los sistemas y los procesos.
GFL Environmental (NYSE: GFL)가 Red Dog Equity LLC로부터 Superior Waste Industries, LLC를 전액 현금 거래로 인수했습니다. 2022년 3월 폐기물 업계 베테랑 빌리 디트리치가 설립한 Superior Waste는 Central Disposal, Harley Hollan, Sue's Recycling and Sanitation, SDS Roll-off Dumpsters 등 전략적 인수를 통해 오클라호마에서 의미 있는 입지를 구축했습니다.
회사는 Shawnee, Tulsa, Vian, Eufaula 등 오클라호마의 여러 시장에서 운영을 확장했습니다. 이번 거래는 사람, 시스템 및 프로세스에 중점을 둔 성장 전략으로 Superior Waste를 지원해 온 Red Dog Equity의 성공적인 엑시트입니다.
GFL Environmental (NYSE: GFL) a acquis Superior Waste Industries, LLC dans le cadre d’une transaction entièrement en espèces auprès de Red Dog Equity LLC. Fondée en mars 2022 par le vétéran du secteur des déchets Billy Dietrich, Superior Waste a développé une présence significative en Oklahoma grâce à des acquisitions ciblées telles que Central Disposal, Harley Hollan, Sue's Recycling and Sanitation et SDS Roll-off Dumpsters.
L’entreprise a déployé ses activités dans plusieurs marchés de l’Oklahoma, notamment Shawnee, Tulsa, Vian et Eufaula. Cette transaction constitue une sortie réussie pour Red Dog Equity, qui avait accompagné Superior Waste dans sa stratégie de croissance axée sur les personnes, les systèmes et les processus.
GFL Environmental (NYSE: GFL) hat Superior Waste Industries, LLC in einer reinen Bartransaktion von Red Dog Equity LLC übernommen. Superior Waste, gegründet im März 2022 vom Branchenveteranen Billy Dietrich, hat durch gezielte Zukäufe wie Central Disposal, Harley Hollan, Sue's Recycling and Sanitation und SDS Roll-off Dumpsters eine bedeutende Präsenz in Oklahoma aufgebaut.
Das Unternehmen ist in mehreren Märkten Oklahomas tätig, darunter Shawnee, Tulsa, Vian und Eufaula. Die Transaktion stellt einen erfolgreichen Exit für Red Dog Equity dar, das Superior Waste bei der Wachstumsstrategie mit Fokus auf Personal, Systeme und Prozesse begleitet hatte.
- Strategic expansion of GFL's presence in Oklahoma markets
- Acquisition of a fully-integrated solid waste management company with multiple subsidiaries
- Successful consolidation of 4 waste management companies under Superior Waste in 2 years
- Transaction value not disclosed
Insights
GFL Environmental strengthens Oklahoma presence through strategic acquisition of Superior Waste, expanding regional footprint and waste management capabilities.
GFL Environmental (NYSE: GFL) has acquired Superior Waste Industries in an all-cash transaction, marking a strategic expansion of GFL's waste management operations into Oklahoma markets. Superior Waste, established in 2022 by industry veteran Billy Dietrich and backed by Red Dog Equity, had built a meaningful presence in Oklahoma through multiple acquisitions, including Central Disposal (Shawnee), Harley Hollan (Tulsa), Sue's Recycling and Sanitation (Vian and Eufaula), and SDS Roll-off Dumpsters.
This acquisition appears particularly valuable for GFL as it gains a fully-integrated solid waste management business with established operations across multiple Oklahoma markets. The transaction provides GFL immediate access to new customer relationships, operational infrastructure, and local market expertise that would be time-consuming to build organically.
For GFL, this represents a classic tuck-in acquisition strategy, expanding their geographic footprint through acquiring established local operators. The all-cash nature of the transaction suggests GFL's strong liquidity position and confidence in Superior's value proposition. The existing relationship between GFL's CEO Patrick Dovigi and Red Dog Equity (spanning over fifteen years per the release) likely facilitated the transaction's execution.
What stands out is how quickly Superior Waste was built and sold - established in March 2022 and sold roughly three years later - demonstrating Red Dog Equity's efficient investment thesis execution in the waste management sector. The private equity firm's approach of partnering with industry veterans to rapidly consolidate regional waste management assets proved successful.
"We couldn't be more pleased with the outcome of our partnership with Billy Dietrich and the teams at Superior Waste and its subsidiaries," said Toby Chambers, co-managing partner at Red Dog Equity. He added, "Investing in partnership with an outstanding entrepreneur, what we call a 'Red Dog,' focusing on people, systems, and processes, and being disciplined acquirers were the keys to the successful outcome here." When asked his thoughts about GFL, Chambers stated, "We've known Patrick Dovigi, the Founder and CEO of GFL, for over fifteen years and are confident GFL will take excellent care of Superior's team and customers."
"We're grateful to Billy [Dietrich], the Adcock family, all those on Superior's teams who came to work every day to provide service to their communities, and our investor partners at TPO [the Pritzker Organization] and Monroe [Capital]", said Tom Connolly, co-managing partner of Red Dog Equity. He continued, "We're very proud of the company Billy built at Superior Waste and the outcome we were able to achieve for our investors."
"Building a solid waste business like Superior has been a dream of mine for as long as I can remember, and Red Dog was the perfect partner for me," said Billy Dietrich, founder and CEO of Superior Waste. He added," They supported me every step of the way."
Stifel acted as exclusive financial advisor to Superior on this transaction.
About Red Dog Equity LLC
Red Dog Equity LLC is a private equity firm that invests in lower middle-market companies poised for strong growth in partnership with driven, entrepreneurial business leaders ("Red Dogs"). To learn more, please visit: www.reddogequity.com.
About Monroe Capital
Monroe Capital LLC ("Monroe") is a premier asset management firm specializing in private credit markets across various strategies, including direct lending, technology finance, venture debt, alternative credit solutions, structured credit, real estate and equity. Since 2004, the firm has been successfully providing capital solutions to clients in the
Monroe has been recognized by both its peers and investors with various awards including Private Debt Investor as the 2024 Lower Mid-Market Lender of the Year,
About The Pritzker Organization
The Pritzker Organization is the merchant bank for the business interests of the Tom Pritzker family. Additional information can be found at www.pritzkerorg.com.
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SOURCE Red Dog Equity LLC
FAQ
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