Monroe Capital successfully exited its strategic investment in Red Dog Equity’s portfolio company Superior Waste Industries, LLC (“Superior Waste”), which was sold to GFL Environmental Inc. (“GFL”). 

Founded in 2022 and headquartered in Shawnee, OK, Superior Waste experienced rapid growth through a series of strategic acquisitions, including Central Disposal, Harley Hollan, Sue’s Recycling and Sanitation, and SDS Roll-off Dumpsters between 2022 and 2024. Earlier in September, the business was acquired by GFL Environmental, marking a strong outcome for Red Dog Equity, Monroe and the other investors in the platform.

Monroe’s Independent Sponsor group provided both debt financing and equity co-investment to fuel Superior Waste’s expansion, enabling the company to pursue multiple transformative add-on acquisitions.

“We’ve partnered with Monroe across several of our portfolio companies,” said Toby Chambers, Co-Managing Partner at Red Dog Equity. “Their unique ability to provide debt and equity at scale allowed us to achieve a successful result on Superior.”

“Monroe Capital enjoyed a strong partnership with Red Dog, the Superior management team, and co-investors over the last several years,” said Chris Larson, Co-Head of the Equity Group at Monroe. “We’re proud to have supported the business through their growth and multiple acquisitions.”