Waste Pro USA, Inc. announces a new $140 million growth funding program

Waste Pro USA, Inc. has secured total additional funding of $140 million. Waste Pro headquartered in Longwood Florida, has closed on a $40 million transaction with Ares Inc., a publicly held equity firm, which consists of preferred stock and subordinated debt. This transaction was arranged by W.Y. Campbell & Company, investment bankers. In conjunction with this transaction Waste Pro’s senior credit facility with Comerica Bank has been expanded by $100 million. The financing proceeds will be used to refinance existing debt and support Waste Pro’s aggressive organic and selective acquisition growth strategies. Waste Pro which started in 2001, has grown from two trucks to more than 500. The company has 900 employees in Florida, Georgia and South Carolina.