LifeQuest World Corp. (OTCID: LQWC) has entered into a Letter of Intent to acquire 100% of the outstanding equity of a well-established solid waste management company based in the Pacific Northwest. The proposed transaction involves LifeQuest issuing 2,888,290 Series B Preferred Shares convertible into 288,829,000 shares of common stock and making a $500,000 cash payment as consideration.
This acquisition represents a significant strategic move for LifeQuest, combining the target company's nearly 50 years of leadership in the U.S. waste equipment market with LifeQuest's international wastewater treatment business. The integration aims to create a vertically integrated environmental solutions provider capable of addressing both wastewater and solid waste management needs across multiple markets.
The acquired company brings substantial operational assets to LifeQuest, including a customer base exceeding 3,000 accounts across Oregon, Washington, Idaho, and Montana. The company operates a growing trash and recycling chute installation division that has completed over $6.8 million in projects since 2020 and currently holds a signed contract pipeline of approximately $1.6 million. Combined unaudited revenue and EBITDA for the year ending 2024 were $3,034,000 and $220,000, respectively.
Notably, the acquisition includes exclusive regional distribution rights for an innovative aerobic food waste bio-digester, a cutting-edge technology that efficiently treats food waste on site. This technology aligns with LifeQuest's focus on sustainable environmental solutions and provides additional growth opportunities in the emerging food waste management sector.
The transaction complements LifeQuest's existing international wastewater treatment business, which maintains a qualified sale pipeline of approximately $28 million across Africa, the Philippines, and Southeast Asia. Following the acquisition, Max Khan will continue serving as President, CEO, and Director of LifeQuest, ensuring leadership continuity during the integration process.
This acquisition matters because it represents a strategic consolidation in the environmental technology sector, potentially creating a more comprehensive solution provider for municipalities, industrial facilities, and commercial properties facing increasing regulatory pressure and sustainability requirements. The combination of wastewater and solid waste management capabilities could set a new standard for integrated environmental services, particularly as communities seek more efficient and sustainable waste management solutions.
The move also signals growing investor interest in environmental technology companies that offer practical, scalable solutions to waste management challenges. For more information about LifeQuest's environmental technologies, visit https://www.lifequestcorp.com. Additional details about the acquisition can be found at https://www.newmediawire.com.
