M&A
confidence high
sentiment positive
materiality 0.65
Quest Resource acquires northeast waste firm for $3.35M cash; expects $0.6M NOI
Quest Resource Holding Corp
- Acquired an independent asset-light environmental services company in Northeast US for $3.35M in cash.
- Deal funded by $3.5M drawdown from existing Monroe Capital Term D Loan; $12.5M remaining capacity.
- Acquisition expected to be accretive on free cash flow per share; proforma annual NOI of $0.6M.
- Acquired business consists primarily of customer contracts; average top-10 customer relationship over 7 years.
- Expands Quest's presence in commercial real estate market; CEO cites broader service capabilities.