Waste Nexus Podcast

DSQ Technology

Hosted by Charlie Dolan & Brian Dolan of DSQ TechnologyThe Waste Nexus Podcast brings you the people and personalities working in the waste management world. Episodes include conversations with industry leaders and entrepreneurs where we explore career journeys, lessons learned, and what's ahead in the industry.  

Episodes

  1. Jul 6

    The Money Behind the Trash: M&A, Multiples, and What Your Waste Company Is Really Worth

    This episode features a returning guest, Matt Hillin of Lakeside Acquisitions, for a wide-ranging conversation with Brian and Charlie Dolan about the financial mechanics of the waste industry. Drawing on a background that runs from a civil engineering degree at MIT through oil-and-gas engineering, investment banking, and corporate development M&A, Matt brings a numbers-first perspective you don't often hear on the operating side. The discussion digs into why the waste industry behaves so differently from frothier sectors like AI and SaaS: the shift away from the zero-interest-rate era of venture-funded waste brokerages, why managing physical service is hard to scale like pure software, and the growing role of private equity on both the hard-asset and asset-light sides of the business. Matt, Charlie, and Brian unpack the consolidation playbook of the big four or five haulers, the serial-entrepreneur "build, sell, wait out the non-compete, repeat" cycle that feeds their pipeline, and GFL's distinctive land-and-expand strategy. They also get practical for owners thinking about an exit: where the M&A sweet spot sits, why upper-single-digit EBITDA multiples are realistic for scaled, well-run operations, and how a real management hierarchy can be worth turns of EBITDA at sale. Plus a candid take on technology's real impact on valuation, why homegrown software can be a liability to a buyer, and the regulatory squeeze, EPR, commercial waste zoning, and disposal scarcity, shaping pricing across the value chain. Connect with Matt on LinkedIn (linkedin.com/in/hillin) or reach him at mhillin@lakeside-acquisitions.com.

About

Hosted by Charlie Dolan & Brian Dolan of DSQ TechnologyThe Waste Nexus Podcast brings you the people and personalities working in the waste management world. Episodes include conversations with industry leaders and entrepreneurs where we explore career journeys, lessons learned, and what's ahead in the industry.