---
schema_version: "secwatch.filing_event.v1"
accession: "0001663577-23-000103"
form_type: "8-K"
ticker: "QIND"
cik: "0001393781"
company_name: "Quality Industrial Corp."
filed_at: "2023-03-09T23:59:59+00:00"
generated_at: "2026-06-18T06:48:42.896612+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Quality Industrial completes purchase of 52% of Quality International for up to $137M cash

## Summary
- Transaction closed March 6, 2023; purchase price up to $137M in cash paid in six tranches.
- First two tranches of $1M and $15M paid; third tranche of $66M due within 210 days.
- Remaining $55M contingent on Quality International achieving minimum audited EBITDA targets for 2023 and 2024.
- Quality International manufactures custom solutions for oil & gas, energy, water, and public safety sectors.

## SEC filing metadata
- accession: 0001663577-23-000103
- form_type: 8-K
- ticker: QIND
- cik: 0001393781
- company_name: Quality Industrial Corp.
- filed_at: 2023-03-09T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1393781/000166357723000103/0001663577-23-000103-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1393781/000166357723000103/qind8k030923.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001663577-23-000103
- JSON: https://secwatch.observer/filing/0001663577-23-000103.json
- Plain text: https://secwatch.observer/filing/0001663577-23-000103.txt

## Key facts
- M&A Transactions
  Quality Industrial Corp. completed an acquisition involving shareholders of Quality International Co Ltd FZC for up to $137,000,000 in cash (closed 2023-03-06).
  - Action: acquisition
  - Counterparty: shareholders of Quality International Co Ltd FZC
  - Consideration: up to $137,000,000 in cash
  - Closing: 2023-03-06
  source text: which includes a Shareholders Agreement for the ongoing governance of Quality International, and the transaction has closed. The purchase price for the Shares shall be up to $137,000,000 in cash, paid in six tranches, subject to the achievement of financial milestones presented in a schedule of payments which are set forth in the Purchase Agreement. We have paid
  evidence_url: https://www.sec.gov/Archives/edgar/data/1393781/000166357723000103/0001663577-23-000103-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.