I am ok with recruitment companies organising meetups. But mostly as it is in their interest to attract plenty of relevant people to the meetups over and over again.
So it is a fine balance between good talks, and how much they will advertise their recruitment business. I can stand a little, but not too much. The ones I have been to have had a good balance. LJC in London is/was organised by one and seemed to have a good balance.
But I have been a little annoyed at other companies creating rival meetups on the same topic in the same location. Especially if the original group is not oversubscribed. It just creates some confusion and people miss out on some meetups.