Praesidian Capital invested $13.7 million in first lien debt in Meridian Waste Solutions (MWS), a Midwestern provider of waste collection and recycling.

The new debt supports MWS’ recapitalization and acquisition strategy. MWS operates in St. Louis and services 40,000 customers in that market.

“We are pleased to partner with Praesidian as we move forward with acquisitions that support our waste solutions focus.”

“We are building a solutions company focused on the municipal market. The cornerstone to our success is the quality of service we provide our customers each day. In addition, we are finding new ways to offer more solutions for our municipal customers to make Meridian a valuable resource for our markets,” stated Jeff S. Cosman, MWS CEO. “We are pleased to partner with Praesidian as we move forward with acquisitions that support our waste solutions focus.”

Wes Owen, managing director of Praesidian, added: “We are pleased to partner with MWS as it executes its growth strategy. We look forward to helping Meridian build its business in the months and years to come.”