Maxim Partners and Falcon Investment Advisors have teamed with G.W. “Bill” Dietrich and William M. “Billy” Dietrich to form a new platform company, Bobcat Disposal Companies, to acquire and integrate residential, commercial and industrial solid waste companies across the United States.
“We are thrilled to team up with the Dietrichs,” said Maxim partner Ryan Franco. “Bill and Billy have partnered with Maxim and Falcon on multiple solid waste investment opportunities over the past several years and we have tremendous respect for their capabilities in identifying companies suitable for consolidation, acquiring and integrating effectively, and driving organic growth. Dietrich-led companies have generated some of the best financial results and investor returns in the industry while maintaining the highest levels of integrity and customer service.”
As Bobcat builds via acquisition, it will draw capital from Maxim Partners and Falcon as needed. Bobcat is initially focused on acquiring companies with EBITDAs ranging from $2 million to $25 million. Bill Dietrich will be the Chairman and CEO of Bobcat, and Billy Dietrich will be the company’s President. Bobcat is headquartered in Sarasota, FL (www.bobcatdisposal.com).
Bill Dietrich is a veteran of the solid waste industry having most recently served as Executive Chairman of Veolia ES Solid Waste from December 2007 until March 2013. Veolia ES Solid Waste was acquired by Advanced Disposal Services, a portfolio company of New York-based High Star Capital, in November 2013. Prior to working at of Veolia ES Solid Waste, he was CEO of Onyx North America/Superior Services from 1994 through 2004, where he completed over 150 acquisitions with revenues increasing from $63 million to over $1 billion. Prior to Superior Services, Mr. Dietrich spent four years as Division Vice President, Eastern Canada, for Browning Ferris Industries and two years as Northeast Area Manager for Laidlaw Waste Systems.
“During my 25+ years in the waste services industry, I have been blessed with many successes and the good fortune to have met and worked with so many wonderful people. I believe the time is right to begin a new journey and build another people-oriented, superior company,” said Bill Dietrich. “With our successful track record and reputation for doing things the right way and with the professional support of the Maxim-Falcon team, we are well positioned to offer business owners an attractive choice to realize value and provide a favorable business culture for their employees.”
Billy Dietrich has spent more than 20 years in the solid waste industry, most recently as COO of the family’s Florida-based construction and demolition waste collection business as well as providing business development services. From 1996 to 2004, he held increasing levels of responsibility for municipal marketing and acquisitions with Onyx North America/Superior Services. He has a diversified industry background having held management positions in sales, business development and general management. Billy began his solid waste career at Mid-America Waste in 1993.
Maxim Partners invests in middle-market companies that have revenues of at least $10 million and EBITDA of at least $2 million. Sectors of interest include education, energy, environmental, and wellness. The firm was founded in 1991 and is based in the Chicago suburb of Hinsdale (www.maximpartnersllc.com).
Falcon Investment Advisors specializes in providing from $10 million to $75 million of subordinated debt and other junior capital to support management or leveraged buyouts, growth or acquisition capital, dividend recaps, generational transfers, structured finance and restructurings. Since its founding in 2000, Falcon has invested in more than 45 companies in a range of industries. The firm has offices in Boston and New York (www.falconinvestments.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 12-13-13
