LifeQuest World Corp. (OTCID: LQWC) announced the completion of its acquisition of an established Pacific Northwest waste management equipment company, adding approximately $3.5 million in annual revenue and transforming the company from a development-stage holding company into a revenue-generating, multi-subsidiary environmental services platform.
The transaction, structured as an all-equity acquisition with no cash consideration at closing, closed effective June 12, 2026. LifeQuest issued 3,338,290 shares of Series B Preferred Stock, each convertible into 100 shares of common stock, and an $85,000 unsecured promissory note. The acquired business, comprising two Oregon corporations operating under common ownership, has operated for multiple decades in the commercial waste management equipment sector, serving businesses, institutions, and municipalities across Oregon, Washington, Idaho, and Montana.
LifeQuest now operates through three wholly-owned subsidiaries: the two acquired entities and BioPipe Global Corp., a decentralized wastewater treatment technology company. This combination positions LifeQuest at the intersection of two critical environmental challenges: clean water and sustainable waste management.
For the fiscal year ended December 31, 2025, the acquired business generated combined revenues of approximately $3.5 million from equipment sales, rentals, service contracts, and specialty cleaning. On a GAAP basis, the entities reported a net loss before income taxes of approximately $(4,400), but after excluding non-recurring non-cash charges—a $94,200 inventory write-down and $121,000 in expensed capital equipment—normalized pre-tax income was approximately $211,000. The acquired business also held $581,665 in deferred revenue as of year-end 2025, providing revenue visibility for 2026.
Max Khan, CEO of LifeQuest, said, 'This acquisition is a transformational step for LifeQuest. The acquired business brings immediate, established revenue, a loyal Pacific Northwest customer base, and a proven team to our platform. Combined with BioPipe’s global wastewater treatment technology, we are now uniquely positioned at the intersection of two of the world’s most urgent environmental challenges.'
LifeQuest plans to pursue a PCAOB audit, SEC registration via Form S-1 or Form 10, a 1-for-40 reverse stock split, and an OTCQB uplisting. The company believes the revenue foundation from this acquisition is essential for a credible SEC registration process.
More information is available at www.lifequestcorp.com and www.biopipe.co.
