The Anatomy of a Private Equity Investment: from M&A roll-up, to IPO, and beyond with Advanced Disposal Services’ Chairman and CEO Richard Burke Leadership Lyceum: A CEO's Virtual Mentor

“Service First, Safety Always”
The Anatomy of a Private Equity Investment: from M&A roll-up, to IPO, and beyond
with Advanced Disposal Services’ Chairman and CEO Richard Burke
A CEO’s Virtual Mentor Episode 23 
Welcome to episode 23 and the beginning of Season 4 of A CEO's Virtual Mentor.
I'd like to express our special thanks to the clients of Lyceum Leadership Consulting that have enabled us to bring you this podcast, and to you, ladies and gentlemen, our devoted listenership, for your continued encouragement and programming suggestions.
And let me mention that we cannot improve without your feedback and suggestions. Please take a moment and subscribe on iTunes or your favorite podcast platform, and rate us with your feedback.
There are two main features on our program today.
I. We occasionally feature a spot on the program called Famous Last Words. We will intersperse excerpts of a dramatic scene from the 1956 movie, “Patterns…of Power!”, through the breaks in our program. Patterns’ brilliant screenplay was written by Rod Serling of Twilight Zone fame. The Patterns script predated Twilight Zone and is considered by many as the finest piece of writing Rod Serling has ever done and brought him instant acclaim. We'll feature the dramatic scene between ruthless, cold, and calculating owner of the corporation Walter Ramsey, played by Everett Sloane, and youthful, charismatic and considerate industrial engineer, Fred Staples, played by Van Heflin. Ramsey is impressed with the performance of Fred Staples at a company Ramsey has recently acquired. Ramsey's grooming Staples to replace the struggling, but highly principled Bill Briggs, played by Ed Begley, as the second in command at the company.
II. For our main event in the program, I'm joined by Richard Burke, Chairman and CEO of publicly-traded solid waste services company, Advanced Disposal Services. 
We'll be discussing Richard's leadership in a company that delivers a service punch well above its $1.6 billion weight class. We'll cover its evolution from private equity backed roll-up of solid waste businesses through its IPO in October of 2016 and right up to just prior to the announcement on April 15, 2019, that Waste Management would purchase Advanced Disposal.
Our interview covers a lot of ground and addresses an array of situation-specific business leadership topics, including:
The economics of the solid waste business. A company’s evolution from private equity ownership to IPO M&A and the "Four D’s" behind a seller’s motivation Corporate Reputation and Integrity Reputation Derived from Investors on the Path to an IPO Safety and Corporate Culture Post-IPO Board Composition Considerations  We would like to express our special thanks to the clients of Lyceum Leadership Consulting that enable us to bring you this podcast.
Thanks for listening.  We can’t improve without your feedback – write us through our website www.LeadershipLyceum.com and subscribe wherever you listen to your podcasts. 
Informative and Helpful Links
“Patterns…of Power!” (Full Movie)
https://www.youtube.com/watch?v=UMnU4faUMUY
 
Program Guide Episode 23
“Service First, Safety Always”
The Anatomy of a Private Equity Investment: from M&A roll-up, to IPO, and beyond
with Advanced Disposal Services’ Chairman and CEO Richard Burke
A CEO’s Virtual Mentor Episode 23 
0:06     Introduction to Program
1:05     Introduction to Famous Last Words feature “Patterns…of Power!”
2:51     Interview with Richard Burke
11:02   Music Break 1
11:19   Patterns Scene 1 of 4   
15:24   Music Break 2
15:43   Richard Burke on Landfill Economics
16:48   The Secondary Vertically Integrated Market
19:09   Geographic Adjacencies
21:28   The Seller’s Consideration and “the Four D’s”
23:03   Reputation Requirements for M&A
23:20   Music Break 3
23:26   Private Equity Interest and Approach in the Solid Wa