Midwest, headquartered in Dayton, Ohio, provides outsourced management of industrial by-products, including ferrous and non-ferrous metals, generated from industrial manufacturing processes. The business includes regional processing operations and a recycling yard, as well as national by-product and logistics management services. The Company focuses exclusively on the industrial scrap market.

Merit invested subordinated debt and equity, in partnership with both management and an independent sponsor, in support of the majority recapitalization.