M&A
confidence high
sentiment positive
materiality 0.85
Quest Resource acquires RWS & InStream for $44M; expects >50% revenue, EBITDA boost
Quest Resource Holding Corp
- Acquired RWS for $33M cash and InStream for $11M cash plus up to $1.5M earnout; combined consideration ~$44M.
- Transactions expected to add >$80M revenue, ~$2.2M net income, and $5.5M adjusted EBITDA; accretive on FCF per share.
- Credit facility with Monroe Capital amended to $75M, borrowing costs reduced by 350 bps, and improved terms.
- RWS and InStream expand Quest's presence in commercial property and industrial markets; annual net income and EBITDA estimated to increase >50%.
- Deal funded via Term C Loans under amended Monroe Credit Agreement; RWS and InStream guarantors added.