M&A - Quest Resource Holding Corp

Form Type: 8-K

Filing Date: 2025-04-04

Corporate Action: Acquisition

Type: New

Accession Number: 000119380525000429

Filing Summary: On March 31, 2025, Quest Resource Management Group, LLC, a wholly-owned subsidiary of Quest Resource Holding Corporation, entered into an asset purchase agreement with Lincoln Waste Solutions, LLC. The transaction involved the sale of substantially all the assets used in the business of Seller for a total consideration including $5,004,164 in cash at closing and additional performance-based payments totaling up to $6,500,000 over the next three years. The agreement includes provisions for a one-time payment based on the collection of accounts receivable prior to the agreement. Additionally, the company amended its credit agreement with Monroe Capital Management and the PNC Loan Agreement to facilitate the transaction. A press release regarding the transaction was issued on April 4, 2025, detailing the completion of the asset purchase agreement.

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