Superior Waste Industries LLC, a Shawnee, Oklahoma-based environmental services holding company, completed its second acquisition by acquiring Harley Hollan Cos., a solid waste management company based in Tulsa, Oklahoma. The company offers commercial collection services, industrial and construction roll-off services, recycling and a transfer station in Tulsa.
“Adding Harley Hollan Cos. to the Superior platform is a key piece of our strategy to be the leading independent waste company in Oklahoma by adding additional services and geographic coverage,” says Billy Dietrich, Superior CEO. “We are very impressed with what Harley [Hollan] and his family have accomplished and see them as ideal partners for us as we continue to grow.”
According to a news release, Harley Hollan says Superior's acquisition will enable it to significantly expand its service offering in the Tulsa market while providing employees significant growth opportunities, as well. Harley Hollan made a significant investment in Superior as part of the transaction, and he will continue to manage the Harley Hollan operations.
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 (advised by The Pritzker Organization), has additional equity capital available to fund Superior’s future acquisitions. Monroe Capital also provides debt financing to Superior.
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