LifeQuest World Corp. Enters Agreement to Acquire Pacific Northwest Waste Management Firm
LifeQuest World Corp.'s acquisition of a well-established Pacific Northwest waste management company positions the firm to become a vertically integrated environmental solutions provider, combining wastewater and solid waste management capabilities.
LifeQuest World Corp. has signed a letter of intent to acquire a Pacific Northwest-based solid waste management company, marking a strategic expansion into the U.S. waste management sector. The transaction involves issuing 2,888,290 Series B Preferred Shares convertible into 288,829,000 common shares and a $500,000 cash payment.
The acquisition represents a significant milestone in LifeQuest's growth strategy, combining nearly 50 years of waste equipment expertise with the company's international wastewater treatment business. This vertical integration creates a comprehensive environmental solutions provider capable of addressing both wastewater and solid waste management needs across multiple markets.
The target company brings substantial operational assets, including a customer base exceeding 3,000 accounts across Oregon, Washington, Idaho, and Montana. The firm operates a growing trash and recycling chute installation division with $6.8 million in completed projects since 2020 and holds a current contract pipeline of approximately $1.6 million. The company reported unaudited 2024 revenue of $3,034,000 and EBITDA of $220,000.
Notably, the acquired company holds exclusive distribution rights for an innovative aerobic food waste bio-digester, a cutting-edge technology that treats food waste on-site. This technology aligns with LifeQuest's focus on sustainable environmental solutions and complements the company's existing wastewater treatment systems that operate without producing sludge or odor while eliminating the need for continuously running aeration pumps.
The acquisition provides LifeQuest with an established platform for expansion in the U.S. solid waste management market while complementing its international wastewater treatment business, which includes a qualified sales pipeline of approximately $28 million across Africa, the Philippines, and Southeast Asia. Max Khan will continue as President, CEO, and Director of LifeQuest following the acquisition.
This strategic move demonstrates the growing convergence of wastewater and solid waste management technologies as companies seek comprehensive environmental solutions. The integration of these capabilities positions LifeQuest to address increasing regulatory requirements and sustainability demands across multiple industries and geographic markets.