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Ares Commercial Finance Provides Credit Facility to Priority Waste

November 30, 2023, 07:20 AM
Filed Under: Waste Management

Ares Commercial Finance announced that it, along with other Ares Management Credit funds, has provided a senior secured credit facility to Priority Waste, a portfolio company of TRP Capital Partners. The Company, headquartered in Clinton Township, Michigan, is a fast-growing waste management services provider based in the Midwest. The proceeds via this transaction will be used to support the Company’s continued rapid growth and refinance a portion of the company’s existing debt.

Priority Waste, one of the largest independent providers of solid waste and recycling services in the Great Lakes region, is a pioneer of technology to transform waste management operations. The company’s proprietary technology powers a one-of-a-kind command center from which experienced logistics professionals deliver seamless coordination, real-time tracking, and route optimization, thereby maximizing operational efficiency and ensuring unparalleled customer service. Since its founding in 2018, Priority Waste has rapidly expanded to serve customers in over 30 municipalities across Michigan, Indiana, and Ohio.

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