Collateral

Superior USA Waste acquires Central Disposal

Shawnee, OK — Superior Waste Industries, LLC (d/b/a Superior USA Waste), a Shawnee, OK-based environmental services holding company, has completed its first acquisition by acquiring Central Disposal, a solid waste management company fully integrated offering residential and commercial collection services, industrial/construction salvage and recycling services, a transfer station in Shawnee and disposal at its CenterPoint landfill in Prague, OK. Superior is led by Billy Dietrich, a waste industry veteran with over 25 years of experience at leading environmental services companies such as Superior Services/Onyx North America and Deffenbaugh Industries.

“Superior’s mission is built around the idea that ‘local people serve local people,'” said Billy Dietrich, CEO of Superior. Dietrich continued, “We don’t want to be just another waste management company providing services to local remote communities. Central will continue to be led by the founding family who really know the market and the needs of their customers. »

“I’ve known Billy for a long time, and it was an easy decision to sell to Superior. [Waste USA]said Mike Adcock, the founder of Central Disposal. Adcock added, “He did everything he promised to do, and I know Superior will be a great home for the business my family and I have built.” The Adcock family made a significant investment in Superior as part of the transaction, and Mike’s sons, Jon-Mark and Todd Adcock, will continue to lead the Central Disposal and CenterPoint operations.

Superior aims to be the “partner of choice” for entrepreneurs in the waste industry seeking growth or transition capital for their businesses. Superior has partnered with Red Dog Equity LLC, an Atlanta-based private equity firm, which through its partnership with Monroe Capital and the family business interests of Tom Pritzker (advised by The Pritzker Organization) has equity to fund future acquisitions of Superior. Monroe Capital also provided debt financing and an acquisition facility to Superior.

About Superior USA Waste
Based in Shawnee, Oklahoma, Superior USA Waste is an environmental services holding company that seeks to be the “partner of choice” for waste industry entrepreneurs seeking cash flow, growth capital or to transition their businesses to an owner who shares their commitment to customer service. , employee loyalty and environmental stewardship. To learn more, visit us online at: www.superiorusawaste.com.

About Central Elimination
Based in Shawnee, Oklahoma, Central Disposal is Central Oklahoma’s solid waste management company, providing residential, commercial, industrial/construction, recycling, transfer and disposal services. To learn more, please see us online at: www.centraldisposalok.com.

About Red Dog Equity LLC
Red Dog Equity LLC is a private equity firm that invests in high-growth-ready lower-middle-market companies in partnership with motivated and enterprising business leaders (“Red Dogs”). To learn more, please visit: www.reddogequity.com.

About Monroe Capital
Monroe Capital LLC (“Monroe”) is a leading asset management company specializing in the private credit markets through various strategies, including direct lending, asset-based lending, specialty finance, opportunistic credit and structured and equity. Since 2004, the company has successfully provided capital solutions to clients in the United States and Canada. Monroe prides itself on being a value-added, friendly partner for business owners, management, and private and independent sponsors. Monroe’s platform offers a wide variety of investment products for institutional and high net worth investors with a focus on generating high quality ‘alpha’ returns regardless of business or economic cycles. The company is headquartered in Chicago and has offices in Atlanta, Boston, Los Angeles, Naples, New York, San Francisco and Seoul.

Monroe has been recognized by both peers and investors with various awards, including Private Debt Investor as 2021 Senior Lender of the Year, 2021 Lower Middle Market Lender of the Year, Americas; Creditflux as Best US Direct Lending Fund 2021; Global M&A Network as 2021 Mid-Market Lender of the Year, United States; and Pension Bridge as Private Credit Strategy of the Year 2020. For more information, please visit www.monroecap.com.

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.