Meshing Point Clouds, import to LW


We have some fairly dense point cloud data in .PTS file format. We would like to get it into Lightwave, but we first need to mesh it. Would Meshlab handle this? (I’m hoping to get a piece of the data sent to me to try, but if anyone has experience with Meshlab, it would be helpful to know it it’s good/not so good.)

Any cheap (under $1,500 USD) programs to convert point clouds to mesh?