GFL Environmental acquired Oklahoma-based Superior Waste Industries from private equity group Red Dog Equity in an all-cash transaction, the parties announced Tuesday. They did not disclose a dollar amount for the deal.
GFL executives are looking to spend roughly $900 million on acquisitions this year. The Canadian company got off to a slow start on M&A amid the spinoff of its environmental services business in early 2025, but it is now ramping up.
GFL was not immediately available for comment on the Superior deal.
Superior founder and CEO Billy Dietrich, an industry veteran, partnered with Red Dog Equity and financial sponsors The Pritzker Organization and Monroe Capital to acquire Shawnee, Oklahoma-based Central Disposal in March 2022. The business included a MSW landfill, transfer station and hauling network serving commercial, industrial and residential customers, according to a news release.
Following that initial acquisition, Deitrich planned to grow Superior into "the leading independent waste company in Oklahoma,” he said at the time.
Superior acquired Harley Hollan Cos. later in 2022 to expand its hauling network into Tulsa. The deal also netted Superior a transfer station that accepted construction waste. Superior subsequently spent $2 million to repermit and expand the transfer station to accept municipal solid waste. The change helped Superior further internalize volumes, Waste Today reported earlier this year.
In 2024, Superior acquired Sue's Recycling and Sanitation and SDS Roll-off Dumpsters. Sue's brought two additional transfer stations in Vian and Eufaula, Oklahoma.
When the Sue’s deal was announced in November, Superior noted significant growth capital “at its disposal” and that it was “actively seeking acquisitions and development opportunities.” Red Dog Equity did not immediately respond to questions about its next moves in waste.
“We couldn’t be more pleased with the outcome of our partnership with Billy Dietrich and the teams at
Superior Waste and its subsidiaries,” Toby Chamber, co-managing partner at Red Dog Equity, said in a statement.
Chamber also praised GFL CEO Patrick Dovigi in a statement, saying he was "confident GFL will take excellent care of Superior’s team and customers.”
Prior to this acquisition, GFL disclosed that it made three tuck-in acquisitions in the second quarter totaling $105 million in annualized revenue. It also acquired the Wisconsin hauling assets of LRS in March, densifying GFL’s existing presence in the state.
Last week, Energy Capital Partners completed its acquisition of a stake in Green Infrastructure Partners, the privately held infrastructure services business spun off from GFL Environmental in 2022. GFL maintains a stake in that business.
