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Superior Waste Industries LLC, a Shawnee, Oklahoma-based environmental services holding company, has acquired Central Disposal, a fully integrated solid waste management company serving central Oklahoma. The company also acquired a transfer station in Shawnee and disposal at its CenterPoint landfill in Prague, Oklahoma.
According to a news release from Superior, Central Disposal is a solid waste management company offering residential, commercial, industrial, construction roll-off services, recycling and transfer and disposal. CEO Billy Dietrich says Jon-Mark and Todd Adcock, will continue to run the Central Disposal and CenterPoint operations. The company will operate under the same name.
“I’ve known Billy for a long time, and it was an easy decision to sell to Superior [Waste USA],” says Mike Adcock, the founder of Central Disposal. “He did everything he promised to do, and I know Superior will be a great home for the business my family and I built.”
The transaction closed March 7 for an undisclosed amount of money. Dietrich says he was interested in acquiring the company for its hub and spoke approach to waste and recycling collection. He also acquired the company to create a regional platform in the area.
Superior says it intends to be the partner of choice for waste industry entrepreneurs seeking growth capital or to transition their businesses. Superior partnered with Red Dog Equity LLC, an Atlanta-based private equity firm, which, through its partnership with Monroe Capital and Tom Pritzker’s family business interests, has additional equity capital available to fund Superior’s future acquisitions. Monroe Capital also provided debt financing and an acquisition facility to Superior.
“Superior’s mission is built around the idea of ‘local people serving local people,’” Dietrich says. “We don’t want to be just another waste company providing service to local communities from afar.”
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