DLJ Merchant Banking Partners has agreed to pay an undisclosed sum for Deffenbaugh Industries, which collects, transports and disposes of commercial and residential waste in the Midwest.
![]() |
Johnny on the Spot |
Deffenbaugh, headquartered in Kansas, serves approximately 450,000 customers, owns an 800+ acre landfill, operates one of the US’ largest recycling facilities and has rock quarrying operations. It also owns Johnny on the Spot, a portable toilet business.
“The deal will fall in our industrial portfolio,” Edward Johnson, managing director, told PEO. “We have had a fair amount of success historically in the waste and waste-related industry.”
In June, DLJMB made more than 3 times its investment on Wastequip, which it sold for roughly $616 million to Odyssey Investment Partners. It had purchased the company in May 2005.
The Deffenbaugh investment was made from the firm’s fourth fund, which closed on $2.1 billion in November 2006.
“We are approaching 70 percent invested with this investment,” Johnson said.