Q2Power Signs Term Sheet to Acquire Major Florida Compost Manufacturing Company

Q2Power Technologies (OTCQB:QPWR), through its Q2Earth Division, has signed a term sheet to acquire Environmental Turnkey Solutions.
As quoted in the press release:

Naples-based ETS is one of the largest green waste hauling and compost manufacturing companies in Florida, with operations that span the state’s west coast and plans to expand into two new facilities. ETS provides high quality soils to major customers that include Scotts Miracle-Gro and Old Castle, with current annualized revenue exceeding $7 million from tipping fees and end product sales.
“We are very excited to have the opportunity to work with Tony Cialone and his exceptional team at ETS,” stated Q2’s CEO, Christopher Nelson. “We believe ETS to be a leader in this field, with great focus placed on operational efficiencies, technology adaptation, and manufacturing of high quality soil products. Tony has demonstrated tremendous ability to expand their business organically and through strategic acquisitions and partnerships. We feel he and his team will be a great addition to the growing Q2 family.”
“We are equally excited to be working with Chris, Kevin and the Q2 team towards a future combination of our companies,” stated ETS’ CEO, Tony Cialone. “We share the same vision of creating the preeminent compost manufacturing company in North America, and mission to provide sustainable soil products that help our planet. We think we can help build a great company together.”
The principals of ETS have further demonstrated their commitment to the transaction by participating in Q2’s recent Bridge Offering and committing to investing an additional $200,000 in a strategic follow-on round.

Click here to read the full press release.