Monroe Capital’s Independent Sponsor Group Supports Red Dog Equity’s Successful Exit of Superior Waste

CHICAGO--(BUSINESS WIRE)--Monroe Capital LLC (“Monroe”) announced it has 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.”

This transaction underscores Monroe’s ability to act as both an investor and strategic partner to independent sponsors - helping them pursue compelling acquisitions, accelerate growth through targeted initiatives, and ultimately deliver strong outcomes.

Monroe’s Independent Sponsor group specializes in delivering flexible, “one-stop” capital solutions—including both debt and equity co-investments—for acquisitions, mergers, growth initiatives, recapitalizations, and business combinations.

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 U.S. and Canada. Monroe prides itself on being a value-added and user-friendly partner to business owners, management, and both private equity and independent sponsors. Monroe’s platform offers a wide variety of investment products for both institutional and high net worth investors with a focus on generating high quality “alpha” returns irrespective of business or economic cycles. The firm is headquartered in Chicago and has 12 locations throughout the United States, Middle East, Asia and Australia.

For more information and important disclaimers, please visit www.monroecap.com.

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.