Max Drachman has announced the formation of Drachman M&A Company to focus on out of home and digital infrastructure mergers.  Insider talked with Max about the venture.

Max, congratulations on your announcement! 

Thanks Dave.  We are excited to get started.

You were with Kalil & Co. for 12 years, any particular reason for the split?

It was a difficult decision, somewhat like leaving the Yankees.  You’re talking about a firm that has done billions and billions of dollars in broadcast deals, and in most years more transactions than all other competitors combined.  Frank Kalil has represented former U.S. Presidents, The University of Notre Dame, and countless major corporations.  Kalil’s position in broadcast requires a significant amount of time and effort from everyone on the ship over there, and as I’ve grown in the Outdoor space, it became apparent that applying my complete focus to sectors I excel in is the only way I would reach my full potential.  That said, I have nothing but positive things to say about my 12-year run with them, they are an outstanding group, and I look forward to continuing the relationship with them.

What are your growth plans?

I’ve hired some incredible people, and we are full speed ahead.  I hear coaches talk about the rise being the most rewarding experience of their career.  Once they hit a certain plateau, they tend to lose some of their fire.  To be able to start from scratch to build a new company is one of the most exciting professional challenges I’ve faced.  We are investing heavily in our infrastructure to ensure the best possible outcomes for our clients, and it has been a lot of fun putting everything together.

Long term, we are going to scale this business.  If you look at Moelis, it is incredible what they have accomplished since they formed right before the recession.  Are we going to get that big, probably not.  That said, I plan on bringing in tax, legal, and finance professionals so we can grow into workouts, capital raises, and eventually be able to offer a one-stop shop for our clients to get everything they need to divest or grow a business.  The focus for the next few years is specifically M&A.  We will close 10-25 deals per year, and once I get that division moving, we’ll start bringing people in to look at other verticals (energy, renewables, and any other business with a moat).

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