Quest Resource Holding Business Summary

Quest Resource Holding Corp (QRHC) operates as a technology-driven, asset-light provider of circular economy and waste management solutions, primarily generating revenue through service fees for the collection, processing, and recycling of over 100 distinct waste streams. The company’s business model focuses on managing complex environmental programs for large, multi-location enterprises across the automotive, manufacturing, retail, and government sectors. Quest is increasingly pivoting toward a data-centric strategy, leveraging its proprietary platform to offer high-visibility tracking and reporting, with plans to introduce margin-accretive subscription-based data access for clients’ ESG and sustainability reporting. In the competitive landscape, Quest competes with heavy-asset industry giants such as Waste Management (WM) and Republic Services (RSG), as well as specialized firms like Casella Waste Systems (CWST) and Perma-Fix (PESI). Unlike its asset-heavy peers, Quest fits into the market as a flexible, vendor-neutral integrator that optimizes waste diversion and cost-efficiency without the overhead of landfill ownership. Originally founded in 1997, the company is currently led by President and CEO Perry W. Moss, who was appointed in March 2025. Moss brings a significant industry pedigree as a co-founder of Rubicon Technologies and a former executive at Oakleaf Holdings and Smurfit-Stone. He is supported by Senior Vice President and CFO Brett Johnston, who joined in late 2024 following a nearly 20-year tenure at Arcosa, Inc. The leadership team is overseen by Chairman Daniel Friedberg, the CEO of Hampstead Park Capital Management and a former partner at Bain & Company. The board also includes notable figures such as former CEO S. Ray Hatch, Stephen Nolan (President of SGS North America), and Sarah Tomolonius (VP at M13). This executive group is focused on a "land and expand" organic growth strategy and operational excellence initiatives designed to scale the platform’s profitability as it exits the 2025 fiscal year.