Safe & Green Holdings Corp. Announces New Contract Between Subsidiary SG Echo and Troy Vines
Safe & Green Holdings has secured a new construction contract through its subsidiary SG Echo with Troy Vines, a Midland, Texas-based concrete supply business. The project involves rebuilding Troy Vines' overhead bin system at their Odessa, Texas plant.
This contract marks a strategic expansion following Safe & Green's recent County Line Industrial acquisition. The deal showcases synergies between SG Echo and the company's Olenox business, particularly in Texas oil and gas industrial markets.
CEO Michael McLaren highlighted that this agreement demonstrates the benefits of their recent County Line acquisition, noting opportunities both within and outside the oil and gas sector. The company aims to optimize operations through plant repairs and construction projects, focusing on expanding revenue opportunities and creating additional shareholder value through strategic acquisitions and network relationship growth.
Safe & Green Holdings ha ottenuto un nuovo contratto di costruzione tramite la sua controllata SG Echo con Troy Vines, un'azienda di fornitura di calcestruzzo con sede a Midland, Texas. Il progetto prevede la ricostruzione del sistema di contenitori sospesi presso lo stabilimento di Troy Vines a Odessa, Texas.
Questo contratto rappresenta un'espansione strategica successiva alla recente acquisizione di County Line Industrial da parte di Safe & Green. L'accordo evidenzia le sinergie tra SG Echo e l'attività Olenox dell'azienda, in particolare nei mercati industriali del petrolio e gas in Texas.
Il CEO Michael McLaren ha sottolineato che questo accordo dimostra i vantaggi derivanti dalla recente acquisizione di County Line, evidenziando opportunità sia all'interno che al di fuori del settore petrolifero e del gas. L'azienda punta a ottimizzare le operazioni attraverso riparazioni degli impianti e progetti di costruzione, concentrandosi sull'espansione delle opportunità di fatturato e sulla creazione di ulteriore valore per gli azionisti tramite acquisizioni strategiche e lo sviluppo delle relazioni di rete.
Safe & Green Holdings ha asegurado un nuevo contrato de construcción a través de su subsidiaria SG Echo con Troy Vines, una empresa de suministro de concreto con sede en Midland, Texas. El proyecto consiste en reconstruir el sistema de compartimientos superiores en la planta de Troy Vines en Odessa, Texas.
Este contrato representa una expansión estratégica tras la reciente adquisición de County Line Industrial por parte de Safe & Green. El acuerdo muestra sinergias entre SG Echo y el negocio Olenox de la compañía, especialmente en los mercados industriales de petróleo y gas de Texas.
El CEO Michael McLaren destacó que este acuerdo demuestra los beneficios de su reciente adquisición de County Line, señalando oportunidades tanto dentro como fuera del sector de petróleo y gas. La empresa busca optimizar operaciones mediante reparaciones y proyectos de construcción en plantas, enfocándose en ampliar las oportunidades de ingresos y crear valor adicional para los accionistas mediante adquisiciones estratégicas y el crecimiento de relaciones en la red.
Safe & Green Holdings는 자회사 SG Echo를 통해 텍사스 미들랜드에 본사를 둔 콘크리트 공급업체 Troy Vines와 새로운 건설 계약을 체결했습니다. 이 프로젝트는 텍사스 오데사에 위치한 Troy Vines 공장의 오버헤드 빈 시스템을 재건하는 작업을 포함합니다.
이번 계약은 Safe & Green이 최근에 인수한 County Line Industrial 이후 전략적 확장의 일환입니다. 이 거래는 SG Echo와 회사의 Olenox 비즈니스 간의 시너지를 보여주며, 특히 텍사스의 석유 및 가스 산업 시장에서 두드러집니다.
CEO 마이클 맥라렌은 이번 계약이 최근 County Line 인수의 이점을 보여준다고 강조하며, 석유 및 가스 부문 내외부 모두에서 기회가 있음을 언급했습니다. 회사는 공장 수리 및 건설 프로젝트를 통해 운영을 최적화하고, 수익 기회 확대와 전략적 인수 및 네트워크 관계 성장을 통해 주주 가치를 추가로 창출하는 데 주력하고 있습니다.
Safe & Green Holdings a obtenu un nouveau contrat de construction via sa filiale SG Echo avec Troy Vines, une entreprise de fourniture de béton basée à Midland, Texas. Le projet consiste à reconstruire le système de bacs suspendus dans leur usine de Odessa, Texas.
Ce contrat marque une expansion stratégique suite à la récente acquisition de County Line Industrial par Safe & Green. Cet accord met en lumière les synergies entre SG Echo et l’activité Olenox de l’entreprise, notamment sur les marchés industriels du pétrole et du gaz au Texas.
Le PDG Michael McLaren a souligné que cet accord illustre les avantages de leur récente acquisition de County Line, en notant des opportunités tant à l’intérieur qu’à l’extérieur du secteur pétrolier et gazier. L’entreprise vise à optimiser ses opérations via des réparations d’usine et des projets de construction, en se concentrant sur l’expansion des opportunités de revenus et la création de valeur supplémentaire pour les actionnaires grâce à des acquisitions stratégiques et au développement des relations réseau.
Safe & Green Holdings hat über seine Tochtergesellschaft SG Echo einen neuen Bauauftrag mit Troy Vines, einem Betonlieferanten mit Sitz in Midland, Texas, gesichert. Das Projekt umfasst den Wiederaufbau des Überkopfbehältersystems bei Troy Vines' Werk in Odessa, Texas.
Dieser Vertrag markiert eine strategische Expansion nach der jüngsten Übernahme von County Line Industrial durch Safe & Green. Der Deal zeigt Synergien zwischen SG Echo und dem Olenox-Geschäft des Unternehmens, insbesondere im texanischen Öl- und Gasindustrie-Markt.
CEO Michael McLaren hob hervor, dass diese Vereinbarung die Vorteile der kürzlichen County Line-Übernahme demonstriert und Chancen sowohl innerhalb als auch außerhalb des Öl- und Gassektors aufzeigt. Das Unternehmen zielt darauf ab, durch Anlagenreparaturen und Bauprojekte die Abläufe zu optimieren, mit Fokus auf die Erweiterung der Umsatzmöglichkeiten und die Schaffung zusätzlichen Aktionärswerts durch strategische Akquisitionen und den Ausbau von Netzwerkbeziehungen.
- New construction contract secured with Troy Vines for rebuilding overhead bin system
- Strategic synergy between SG Echo and Olenox business in oil/gas industrial markets
- Early benefits realized from County Line Industrial acquisition
- Expansion into new business ventures and market opportunities
- Potential for additional revenue streams through plant repairs and construction projects
- Contract value and financial terms not disclosed
- Heavy dependence on Texas oil and gas market concentration
Insights
Safe & Green subsidiary secures new contract showing early returns from recent acquisition, expanding into industrial rebuilding services.
The contract between SG Echo and Troy Vines represents a strategic expansion into a new business line - rebuilding overhead bin systems for concrete suppliers. This diversification wasn't previously part of SG Echo's operations, indicating the company is broadening its revenue streams beyond its core modular construction business.
What's particularly noteworthy is how this contract validates the company's recent County Line Industrial acquisition strategy. We're seeing tangible synergies between different business units, with SG Echo now leveraging relationships through the Olenox business to capture opportunities in oil and gas industrial markets.
CEO McLaren's statement that they are "already experiencing the benefits" from the acquisition suggests faster-than-typical integration and revenue generation from M&A activity. While the contract's financial value isn't disclosed, limiting assessment of material impact, this represents a proof of concept for the company's diversification strategy.
The mention of opportunities "beyond that industry" signals management's intention to use these new capabilities for broader industrial applications, not just within oil and gas. This cross-selling approach across their business network demonstrates a coherent growth strategy that could maximize return on their acquisition investments.
The development shows operational execution in transforming acquisitions into new revenue opportunities, though investors should watch for future disclosures on contract values and margin profiles to better assess the financial impact of this business expansion.
MIAMI, FL, April 29, 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 a new construction contract between the Company’s subsidiary, SG Echo, LLC (“SG Echo”) and Troy Vines, Inc. (“Troy Vines”), a Midland, Texas-based concrete supply business.
Under the terms of the contract SG Echo is to rebuild Troy Vines’ overhead bin system at one of its Odessa, Texas plants. This contract represents a new business venture for SG Echo, which was facilitated by the Company’s recent County Line Industrial acquisition. The contract also represents synergies between the SG Echo and the Company’s Olenox business, where SG Echo can capitalize on opportunities in the oil and gas industrial markets, particularly in Texas.
Safe & Green Holdings CEO Michael McLaren commented, “We are already experiencing the benefits from our recent strategic acquisition of County Line with similar contracts to what we achieved with Troy Vines, where we are identifying providers both within our oil and gas customer base who have additional construction and repair needs, as well as outside that industry where we can help providers optimize operations through plant repairs and construction projects. We believe that there continues to be significant opportunity to expand our revenue opportunities while looking beyond the industry to create additional shareholder value. We look forward to continued growth both through this acquisition strategy and the expansion of relationships within our network.”
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 and include statements regarding the Company’s subsidiary, SG Echo, LLC, entering into a new construction contract with Troy Vines, Inc. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. 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 fulfill the construction contract with Troy Vines, Inc., 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:
CORE IR
516 222 2560
investors@safeandgreenholdings.com
FAQ
What is the new contract between SG Echo (SGBX) and Troy Vines in Texas for 2025?
How does the Troy Vines contract benefit SGBX shareholders in 2025?
What markets will SGBX expand into through the Troy Vines contract?
What synergies does the Troy Vines contract create for SGBX's subsidiaries?
How is SGBX diversifying its business through the Troy Vines contract?
