Private equity group forms Bobcat Disposal Cos.

Newly formed company seeks to acquire and integrate solid waste firms.

January 2, 2014

The private equity firm Maxim Partners, based in Hinsdale, Ill., has joined with G.W. “Bill” Dietrich and William “Billy” Dietrich to form Bobcat Disposal Cos. The goal of the newly formed company, headquartered in Sarasota, Fla., will be to acquire and integrate residential, commercial and industrial solid waste companies throughout the country under the Bobcat name.

Bill Dietrich, chairman and CEO of the newly formed company, most recently served as executive chairman of one of the largest private solid waste companies in North America from December 2007 until March 2013. Previously, he was CEO of Onyx North America/Superior Services from 1994 through 2004, where he is said to have completed some 150 acquisitions, leading to an increase in revenues from $63 million to more than $1 billion.

Billy Dietrich has spent more than 20 years in the solid waste industry, most recently as COO of the family’s Florida-based C&D collection business. From 1996 to 2004, he held increasing levels of responsibility for municipal marketing and acquisitions with Onyx North America/Superior Services.

Bobcat will draw capital from Maxim, a Chicago-based financial sponsor focused on environmental services with support from Falcon Investment Advisors, a Boston-based institutional private equity firm with $1.6 billion of capital under management.

“During my more than 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. 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,” says Bill Dietrich, CEO of Bobcat.

“We are thrilled to team up with the Dietrichs,” says Ryan Franco, a Maxim partner. “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.”

According to a company statement, Bobcat is initially focused on acquiring companies with earnings ranging from $2 million to $25 million.