Quest Resource sells non-core RWS tenant-direct business for $5M cash plus up to $6.5M earnout

Quest Resource Holding Corp

Transaction closed March 31, 2025; buyer Lincoln Waste Solutions (part of Reconomy).
Cash consideration $5,004,164 at closing; up to $6.5M in milestone payments over 3 years plus AR remittance.
CEO says sale eliminates non-profitable line with inconsistent performance; proceeds to pay down debt.
Sale enables increased focus on core portfolio of diverse industries for growth.
Credit agreements with Monroe Capital and PNC amended to consent and modify debt definitions.

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