Quest Nutrition

Quest Nutrition was founded in 2010 in El Segundo, California, by Tom Bilyeu, Mike Osborn, and Ron Penna, who had recently sold their data loss prevention software company Awareness Technologies.

[1][2] Inspired in part by obesity in Bilyeu's family, Quest aimed to create protein bars and other high-protein snacks with no added sugar.

"[3] The company was bootstrapped for its first five years before accepting a minority stake investment from private equity firm VMG Partners in 2015, valuing Quest Nutrition at $900 million.

[1] In 2017, Quest underwent restructuring, closing two Los Angeles manufacturing sites, laying off 524 factory workers, and outsourcing their production and distribution to third parties.

[3] The change prompted criticism of the protein bars' flavor, causing a sharp decrease in sales and leading the company to further reformulate the recipe later that year.