Oct 1, 2020

Capstone Advises Quest Resource Holding Corporation on its Acquisition Financing for Green Remedies

Capstone Partners, formerly Capstone Headwaters, is pleased to announce the closing of a senior secured credit facility for Quest Resource Holding Corporation (Nasdaq: QRHC), in support of Quest’s acquisition of Green Remedies Waste and Recycling Inc.  Green Remedies provides managed environmental services, primarily within the multi-family housing sector in the Mid-Atlantic region. In addition to funding the Green Remedies acquisition, the credit facility provides additional financing capacity to facilitate Quest’s continuing acquisition strategy. Monroe Capital served as the agent.

Headquartered in The Colony, TX, Quest provides nationwide waste and recycling services to customers in a broad range of industries. Through its coast-to-coast vendor network, Quest offers customers turnkey waste management solutions and specializes in servicing clients with complex, multi-stream waste management needs.

Dan Friedberg, Chairman of the Board at Quest, commented, “This was not a typical financing. Between the COVID-related capital market dislocation and our need to move quickly, we knew hiring an advisor was the right approach. The Capstone team assembled first-class offering materials, commenced marketing within a week of their engagement, and secured multiple proposals, all of which enabled us to optimize the financing.”

Capstone was incredibly supportive at each step. They got up to speed quickly and were highly professional. We certainly expect to utilize their expertise again in the future.

Ray HatchCEO, Quest

“Quest is a company poised for growth with deep customer relationships, a compelling value proposition, resilient business model and substantial industry tailwinds, and we were honored to advise the Company on this transaction. Quest’s best-in-class executive team provided us with conviction around our ability to execute in the face of COVID-related market turmoil,” said Brian Schofield, Managing Director with Capstone Headwaters’ Debt Advisory Group. “It was a pleasure working with Quest and we would be delighted to provide continuing support in the future.”