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 acquisition, structured as an all-equity transaction with no cash consideration at closing, closed effective June 12, 2026.
The acquired business, operating through two Oregon corporations under common ownership, is a multi-decade operator in the commercial waste management equipment sector, serving businesses, institutions, and municipalities across Oregon, Washington, Idaho, and Montana. Its addition to LifeQuest’s portfolio immediately establishes the company as a diversified environmental services holding company with operations spanning the United States, Europe, Africa, Asia, and the Middle East.
"This acquisition is a transformational step for LifeQuest," said Max Khan, Chief Executive Officer of LifeQuest World Corp. "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 from a diversified revenue base including equipment sales and service, equipment rentals, installation, preventive maintenance contracts, and specialty cleaning services. On a GAAP basis, the combined entities reported a net loss before income taxes of approximately $(4,400) for fiscal 2025, which included a non-cash inventory write-down of approximately $94,200 and approximately $121,000 in capital equipment that management elected to expense. Excluding these non-recurring items, normalized combined pre-tax income was approximately $211,000 (non-GAAP), demonstrating underlying earnings capacity.
As of December 31, 2025, the acquired business held $581,665 in deferred revenue, representing customer deposits for equipment orders and service contracts not yet fulfilled, providing meaningful revenue visibility for fiscal 2026. The acquired business had total assets of approximately $1.9 million and total equity of approximately $927,000, with no long-term debt.
With the closing of this transaction, LifeQuest World Corp. now operates through three wholly-owned subsidiaries: BioPipe Global Corp. and the two entities comprising the acquired business. BioPipe Global Corp. is a decentralized wastewater treatment technology company whose flagship technology, the Biopipe STP, is the world’s first patented biological wastewater treatment system that produces no sludge, requires no chemicals, and consumes minimal energy. BioPipe has approximately 52 treatment plants installed across 11 countries, serving hospitals, hotels, resorts, commercial buildings, and government facilities. More information is available at www.biopipe.co.
Management views the completion of this acquisition as the first of several near-term milestones on a defined strategic roadmap. LifeQuest intends to engage a PCAOB-registered independent auditor to conduct a full audit of the consolidated enterprise, then file either a Form S-1 Registration Statement or a Form 10 with the SEC, followed by a 1-for-40 reverse stock split and an application for listing on the OTCQB Venture Market.
"Our roadmap is clear, and this acquisition is the catalyst that makes it achievable," said Max Khan. "The revenue foundation that the acquired business provides is essential for a credible SEC registration and OTCQB uplisting process. We are committed to executing this roadmap with urgency and discipline for the benefit of all shareholders."
LifeQuest World Corp. is a diversified environmental and industrial services holding company incorporated in Minnesota and headquartered in Ridgefield Park, New Jersey. For more information, visit www.lifequestcorp.com and www.biopipe.co.
