Safe & Green Holdings Corp. Announces LOI to Acquire County Line Industrial, LLC

Core Viewpoint - Safe & Green Holdings Corp. has announced a non-binding Letter of Intent to acquire key assets and business operations of County Line Industrial, LLC, aiming to enhance operational efficiency and expand modular capabilities [1][3][5] Group 1: Acquisition Details - The acquisition is subject to the execution of a definitive Asset Purchase Agreement and customary closing conditions [1] - County Line Industrial is recognized for its expertise in custom-built modular components, precision welding, and on-site installation services [2] - The acquisition is part of Safe & Green's strategic growth plan to create synergies that streamline supply chains and improve profitability [3] Group 2: Strategic Implications - Integrating County Line Industrial's operational expertise with Safe & Green's modular solutions is expected to accelerate time-to-market and enhance production capacity [3][5] - The initiative complements the innovative platforms of Olenox and Machfu.com, positioning the combined businesses for sustainable, long-term value [3] - The company plans to retain essential personnel from County Line Industrial to ensure a smooth transition and maintain customer relationships [4] Group 3: Management Insights - The CEO of Safe & Green Holdings emphasized that the acquisition will enhance operational efficiency and drive long-term growth and value for shareholders [5] - The company is currently conducting comprehensive due diligence and anticipates finalizing the definitive agreement with a target closing in the first half of 2025 [5]