Infinity Resources Holdings Corp. announced the acquisition of Quest Resource Management Group, LLC. The acquisition is for the remaining 50% of shares of Quest not already owned by Infinity's subsidiary Earth911, Inc. Brian Dick, Chief Executive Officer of Quest, was appointed as the President and CEO and was appointed as a director for Infinity. Dick announced that the combination of the two organizations will help Infinity to achieve the overall growth in stockholder value. Jeff Forte, co-founder of Quest, was assigned as a consultant, as well as a director for Infinity. Barry Monheit, Infinity's former President and Chief Executive Officer, will act as one of Infinity's Board of Directors.
Dick said, "The revenue ramp and sales pipeline at Quest are strong indications that we are just beginning to tap a vast market opportunity. The additional scale and expertise across a broader segment of recycling and resource management spectrum will allow us to accelerate the capture of the opportunity, creating innovative ways to reach new commercial and community markets."
Monheit commented, "The Quest organization and model have proven to be capable of rapid growth and cash generation. The combination of Quest with the additional marketing reach of Earth911 should generate additional opportunities for growth and open new markets for the combined organization. In addition, the integration of management and facilities presents the opportunity for cost synergies and greater profitability."
Quest is a service resource management consulting group. Quest provides customers with innovative recycling solutions, comprehensive sustainability programs, and environmental protection strategies.
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