LifeQuest World Corp. (OTCID: LQWC) announced the completion of its acquisition of an established Pacific Northwest waste management equipment company, a move that transforms the company from a development-stage holding company into a revenue-generating, multi-subsidiary environmental services platform. The acquisition, which closed effective June 12, 2026, adds approximately $3.5 million in annual revenue and establishes a diversified platform spanning commercial waste management, equipment rental, and decentralized wastewater treatment.
The transaction was structured as an all-equity acquisition, with no cash consideration required at closing. LifeQuest issued 3,338,290 shares of Series B Preferred Stock, each convertible into 100 shares of common stock and carrying 100 votes per share, along with an $85,000 unsecured promissory note bearing 6% interest. The acquired business, comprising two Oregon corporations operating under common ownership, is a multi-decade operator serving businesses, institutions, and municipalities across Oregon, Washington, Idaho, and Montana.
“This acquisition is a transformational step for LifeQuest,” said Max Khan, Chief Executive Officer. “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 — 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, with a diversified revenue base from equipment sales, rentals, installation, maintenance contracts, and specialty cleaning services. On a GAAP basis, the combined 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 (non-GAAP). The acquired business also held $581,665 in deferred revenue as of year-end 2025, providing revenue visibility for fiscal 2026.
LifeQuest now operates through three wholly-owned subsidiaries: BioPipe Global Corp., a decentralized wastewater treatment technology company with installations in 11 countries; and the two Oregon-based waste management equipment companies. BioPipe’s flagship technology, the Biopipe STP, is a patented biological wastewater treatment system that produces no sludge and requires no chemicals. More information is available at www.biopipe.co.
Management outlined a strategic roadmap following the acquisition. LifeQuest intends to engage a PCAOB-registered auditor for a consolidated audit, then file a Form S-1 or Form 10 with the SEC to become a fully registered reporting company. The company also plans to seek shareholder approval for a 1-for-40 reverse stock split to meet OTCQB minimum bid price requirements and subsequently apply for OTCQB uplisting. “Our roadmap is clear, and this acquisition is the catalyst that makes it achievable,” Khan said.
The combined company serves a global water and wastewater treatment market estimated to exceed $211 billion and a growing U.S. commercial waste management equipment market. LifeQuest is headquartered in Ridgefield Park, New Jersey, and is incorporated in Minnesota. For more information, visit www.lifequestcorp.com.
