Red Dog Equity Completes Sale of Superior Waste to GFL Environmental Inc.

Red Dog Equity Completes Sale of Superior Waste

In a noteworthy transaction in the environmental services sector, Red Dog Equity LLC, a private equity firm based in Atlanta, has announced the sale of Superior Waste Industries, LLC to GFL Environmental Inc. (NYSE: GFL). This transaction marks a significant milestone for Red Dog Equity as it continues its strategy of partnering with promising companies in lower middle markets.

Established in 2022 by industry veteran Billy Dietrich, Superior Waste was designed to offer comprehensive waste management services in Oklahoma. The company quickly made strides in the market by acquiring Central Disposal in Shawnee, a company recognized for its integrated solid waste management services, laying the groundwork for Superior’s operations. Following this initial acquisition, Superior Waste expanded its footprint by acquiring Harley Hollan, enhancing its influence in the Tulsa area, and subsequently adding Sue's Recycling and Sanitation in 2024, which allowed it to extend services to Vian and Eufaula, Oklahoma. The acquisition of SDS Roll-off Dumpsters in the same year further solidified the company's commitment to the Shawnee market.

In the words of Toby Chambers, co-managing partner at Red Dog Equity, the partnership has been fruitful, largely due to their collaborative approach with Billy Dietrich and his teams at Superior Waste. "Investing alongside exceptional entrepreneurs like Billy, who are dedicated to operational excellence, has been pivotal to our success," stated Chambers. He expressed optimism about the future of Superior Waste under GFL Environmental's stewardship, citing a long-standing relationship with GFL's Founder and CEO, Patrick Dovigi.

Billy Dietrich reflected on the successful collaboration, stating, "Building a solid waste business like Superior has always been my dream, and working with Red Dog was instrumental every step of the way." This sentiment was echoed by Tom Connolly, co-managing partner at Red Dog, who expressed gratitude towards everyone involved in Superior's journey and the investors at The Pritzker Organization and Monroe Capital.

Stifel acted as the exclusive financial advisor to Superior in this transaction, emphasizing the importance of adept financial management in achieving optimal outcomes for business ventures. The successful sale underscores Red Dog Equity's strategy of partnering with driven entrepreneurs and focusing on sustainable growth in the waste management industry.

Overall, this transition marks an important change not only for Red Dog Equity and Superior Waste but also for GFL Environmental, which is set to take the helm of a well-established player in the waste management sector. As environmental concerns continue to rise globally, the demand for effective waste management solutions remains critical, indicating bright opportunities ahead for GFL and its new acquisition.

For more insights on this transaction and Red Dog Equity’s future endeavors, you can visit Red Dog Equity's website or check GFL Environmental's corporate communications. As the industry evolves, all eyes will be on how GFL harnesses the capabilities of Superior Waste to drive its environmental services further.