LifeQuest World Corp. (OTCID: LQWC) has entered into a Letter of Intent to acquire 100% of a well-established solid waste management company based in the Pacific Northwest, marking a significant expansion of its environmental technology portfolio. The transaction involves LifeQuest issuing 2,888,290 Series B Preferred Shares convertible into 288,829,000 shares of common stock along with a US$500,000 cash payment, representing a strategic investment in the growing waste management sector.
This acquisition combines nearly 50 years of leadership in U.S. waste equipment sales and service with LifeQuest's international wastewater treatment business, creating a vertically integrated environmental solutions provider capable of addressing both wastewater and solid waste management needs. The target company brings a proven track record with a customer base exceeding 3,000 accounts and exclusive distribution rights for an innovative aerobic food waste bio-digester, positioning LifeQuest to capture additional market share in sustainable waste management solutions.
The acquired company operates across Oregon, Washington, Idaho, and Montana, providing industrial trash compactors, balers, and related equipment while maintaining a dedicated trash and linen chute installation division that has completed over $6.8 million in chute projects since 2020. With a current signed contract pipeline of approximately $1.6 million and reported combined unaudited revenue of $3,034,000 with EBITDA of $220,000 for the year ending 2024, the acquisition provides immediate revenue generation and established market presence in the Pacific Northwest region.
This strategic move complements LifeQuest's existing international footprint in wastewater treatment, which includes a qualified sale pipeline of approximately $28 million across Africa, the Philippines, and Southeast Asia. The combination creates a comprehensive environmental technology platform that can address multiple waste management challenges while leveraging cross-selling opportunities between the customer bases, potentially accelerating growth through synergistic business development.
The acquisition enables LifeQuest to introduce its proprietary wastewater treatment system, which treats sewage wastewater inside pipes without producing sludge or odor and without using continuously running pumps for aeration, to the U.S. solid waste management market. This technology integration represents a significant advancement in sustainable waste management practices, offering environmentally friendly solutions to both municipal and industrial clients seeking comprehensive waste treatment options.
