Safe & Green Holdings Corp. Announces Acquisition of Assets and Business of County Line Industrial, Expanding Both its Oil and Gas and Modular Construction Businesses
Safe & Green Holdings (NASDAQ: SGBX) has announced the acquisition of County Line Industrial, a Durant, Oklahoma-based welding services provider operating in Oklahoma and Texas. The strategic acquisition aims to enhance SGBX's presence in ready-mix cement and oil and gas sectors.
The integration of County Line's welding services is expected to generate additional revenue while improving profitability in SGBX's modular manufacturing business. The company anticipates enhanced efficiency and margins for its shipping container-based projects pipeline. County Line will continue expanding its operations in the Midland, Texas region, where it has experienced substantial growth.
This acquisition follows SGBX's recent Winchester Oil and Gas purchase, demonstrating the company's strategic focus on creating synergies within its oil and gas service business, Olenox, while strengthening its market position.
Safe & Green Holdings (NASDAQ: SGBX) ha annunciato l'acquisizione di County Line Industrial, un fornitore di servizi di saldatura con sede a Durant, Oklahoma, che opera in Oklahoma e Texas. Questa acquisizione strategica mira a rafforzare la presenza di SGBX nei settori del cemento preconfezionato e del petrolio e gas.
L'integrazione dei servizi di saldatura di County Line dovrebbe generare entrate aggiuntive migliorando al contempo la redditività nel business della produzione modulare di SGBX. L'azienda prevede un aumento dell'efficienza e dei margini per i suoi progetti basati su container per spedizioni. County Line continuerà ad espandere le proprie operazioni nella regione di Midland, Texas, dove ha registrato una crescita significativa.
Questa acquisizione segue il recente acquisto di Winchester Oil and Gas da parte di SGBX, dimostrando il focus strategico dell'azienda nella creazione di sinergie all'interno della sua attività di servizi petroliferi e del gas, Olenox, mentre rafforza la sua posizione di mercato.
Safe & Green Holdings (NASDAQ: SGBX) ha anunciado la adquisición de County Line Industrial, un proveedor de servicios de soldadura con sede en Durant, Oklahoma, que opera en Oklahoma y Texas. Esta adquisición estratégica tiene como objetivo fortalecer la presencia de SGBX en los sectores de cemento premezclado y petróleo y gas.
Se espera que la integración de los servicios de soldadura de County Line genere ingresos adicionales mientras mejora la rentabilidad en el negocio de fabricación modular de SGBX. La compañía anticipa una mayor eficiencia y márgenes para su cartera de proyectos basados en contenedores de envío. County Line continuará expandiendo sus operaciones en la región de Midland, Texas, donde ha experimentado un crecimiento sustancial.
Esta adquisición sigue a la reciente compra de Winchester Oil and Gas por parte de SGBX, lo que demuestra el enfoque estratégico de la empresa en crear sinergias dentro de su negocio de servicios de petróleo y gas, Olenox, al tiempo que fortalece su posición en el mercado.
Safe & Green Holdings (NASDAQ: SGBX)는 오클라호마주 듀란트에 본사를 둔 용접 서비스 제공업체인 County Line Industrial의 인수를 발표했습니다. 이 전략적 인수는 SGBX의 레미콘 및 석유 및 가스 부문에서의 입지를 강화하는 것을 목표로 하고 있습니다.
County Line의 용접 서비스 통합은 추가 수익을 창출하고 SGBX의 모듈 제조 비즈니스에서 수익성을 개선할 것으로 예상됩니다. 회사는 선적 컨테이너 기반 프로젝트 파이프라인의 효율성과 마진이 향상될 것으로 예상하고 있습니다. County Line은 텍사스 미들랜드 지역에서 운영을 계속 확장할 예정이며, 이 지역에서 상당한 성장을 경험했습니다.
이번 인수는 SGBX의 최근 윈체스터 석유 및 가스 구매에 이어 이루어지며, 이는 Olenox의 석유 및 가스 서비스 사업 내에서 시너지를 창출하려는 회사의 전략적 초점을 보여주며, 시장 위치를 강화하는 데 기여하고 있습니다.
Safe & Green Holdings (NASDAQ: SGBX) a annoncé l'acquisition de County Line Industrial, un fournisseur de services de soudage basé à Durant, Oklahoma, opérant dans l'Oklahoma et au Texas. Cette acquisition stratégique vise à renforcer la présence de SGBX dans les secteurs du béton prêt à l'emploi et du pétrole et du gaz.
L'intégration des services de soudage de County Line devrait générer des revenus supplémentaires tout en améliorant la rentabilité de l'activité de fabrication modulaire de SGBX. L'entreprise prévoit une efficacité accrue et des marges pour son portefeuille de projets basés sur des conteneurs d'expédition. County Line continuera d'élargir ses opérations dans la région de Midland, Texas, où elle a connu une croissance substantielle.
Cette acquisition fait suite à l'achat récent de Winchester Oil and Gas par SGBX, démontrant l'accent stratégique de l'entreprise sur la création de synergies au sein de son entreprise de services pétroliers et gaziers, Olenox, tout en renforçant sa position sur le marché.
Safe & Green Holdings (NASDAQ: SGBX) hat die Übernahme von County Line Industrial angekündigt, einem Anbieter von Schweißdienstleistungen mit Sitz in Durant, Oklahoma, der in Oklahoma und Texas tätig ist. Die strategische Übernahme zielt darauf ab, die Präsenz von SGBX in den Bereichen Fertigmischbeton sowie Öl- und Gasindustrie zu stärken.
Die Integration der Schweißdienstleistungen von County Line wird voraussichtlich zusätzliche Einnahmen generieren und die Rentabilität im modularen Fertigungsbereich von SGBX verbessern. Das Unternehmen erwartet eine höhere Effizienz und Margen für seine Projekte, die auf Versandcontainern basieren. County Line wird seine Aktivitäten in der Region Midland, Texas, weiter ausbauen, wo es erhebliches Wachstum verzeichnet hat.
Diese Übernahme folgt dem kürzlichen Kauf von Winchester Oil and Gas durch SGBX und zeigt den strategischen Fokus des Unternehmens auf die Schaffung von Synergien innerhalb seines Öl- und Gasdienstleistungsunternehmens Olenox, während es seine Marktposition stärkt.
- Acquisition expands SGBX's presence in Oklahoma and Texas markets
- Expected improvement in modular manufacturing business profitability
- Integration creates operational synergies with oil and gas subsidiary Olenox
- Potential for increased efficiency and margins in shipping container projects
- Geographic expansion in the growing Midland, Texas region
- Acquisition costs and integration expenses not disclosed
- Financial terms and impact on balance sheet not provided
Insights
This acquisition of County Line Industrial represents a strategic vertical integration move with several potential benefits for SGBX. By bringing specialized welding services in-house, the company creates a dual-revenue opportunity - both serving external oil and gas clients while simultaneously reducing costs on its own modular construction projects.
The acquisition appears designed to address two key business objectives: 1) enhancing margins in SGBX's core modular construction business through operational efficiencies, and 2) expanding its footprint in the oil and gas services sector, particularly in the Midland, Texas region where County Line has established customer relationships.
This move follows SGBX's recent Winchester Oil and Gas acquisition, showing a pattern of strategic acquisitions focused on the energy sector. The company is clearly executing a vertical integration strategy by acquiring complementary businesses that can both generate independent revenue and support existing operations.
While no financial terms were disclosed, which limits assessment of the immediate ROI potential, the emphasis on "measurable shareholder value" suggests management expects tangible financial benefits. For a micro-cap company with SGBX's modest market capitalization, even small acquisitions can potentially move the needle on revenue and profitability if properly integrated.
MIAMI, FL, April 09, 2025 (GLOBE NEWSWIRE) -- Safe & Green Holdings Corp. (NASDAQ: SGBX) ("Safe & Green Holdings" or the "Company"), a leading developer, designer, and fabricator of modular structures, announces the acquisition of the assets and business of County Line Industrial, LLC, a Durant, Oklahoma business providing welding services in Oklahoma and Texas. The acquisition enhances the Company’s access to customers in its ready-mix cement and oil and gas businesses.
The Company believes that the strategic move to bring County Line’s welding services in-house will create additional revenue while also improving the profitability of the Company’s modular manufacturing business. Safe & Green has a number of shipping container-based projects in its sales pipeline that stand to directly benefit due to planned increases in efficiency and margins as a result of this acquisition. Further, County Line will continue to source new oil and gas customers in the Midland, Texas region where its business has grown substantially.
Michael McLaren, Safe & Green Holdings CEO commented, “County Line is the latest in a series of strategic acquisitions that we believe will create measurable shareholder value, while creating additional support for our oil and gas subsidiary Olenox. We believe that its foothold in the regional oil and gas business in Oklahoma and Texas complements and creates synergies for our oil and gas service business operated as Olenox. Combined with our recent announcement on the acquisition of Winchester Oil and Gas, we believe we are creating additional opportunities for productivity, efficiency and customer acquisition that will help to support our emerging leadership position in our market. We continue to look for new opportunities to drive shareholder value and create new opportunities for growth and will provide updates as they emerge.”
About Olenox Corp.
Olenox Corp. is an advanced energy company focused on oil and gas production, energy services, and energy technologies. Olenox specializes in acquiring and revitalizing distressed energy assets, leveraging proprietary technologies to enhance production while minimizing environmental impact.
About Safe & Green Holdings Corp.
Safe & Green Holdings Corp., a leading modular solutions company, operates under core capabilities which include the development, design, and fabrication of modular structures, meeting the demand for safe and green solutions across various industries. The firm supports third-party and in-house developers, architects, builders, and owners in achieving faster execution, greener construction, and buildings of higher value. For more information, visit https://www.safeandgreenholdings.com/ and follow us at @SGHcorp on Twitter.
Safe Harbor Statement
Certain statements in this press release constitute "forward-looking statements" within the meaning of the federal securities laws. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. These forward-looking statements are based upon current estimates and assumptions. These forward-looking statements are subject to various risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others, the Company’s ability to successfully integrate County’s lines welding services business into its modular construction business, the effect of government regulation, the Company’s ability to maintain compliance with the NASDAQ listing requirements, and the other factors discussed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024 and its subsequent filings with the SEC, including subsequent periodic reports on Forms 10-Q and 8-K. The information in this release is provided only as of the date of this release, and we undertake no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.
Investor Relations:
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FAQ
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