Core Viewpoint - Safe and Green Development Corporation (SGD) has announced its decision to acquire 100% of the equity interests in Resource Group US Holdings LLC, which holds exclusive technology in the composting and engineered soils industry, indicating a strategic shift in SGD's business model [1][2]. Group 1: Acquisition Details - The acquisition is contingent upon customary closing conditions and the completion of Resource Group's audit [1]. - Resource Group's vertical integration and ownership of a logistics business provide additional growth avenues through mergers and acquisitions, enhancing SGD's competitive edge in the soils industry [3]. Group 2: Financial Performance - Resource Group's revenues increased from 19.1 million in 2024, with anticipated pro forma revenues of approximately 3.2 billion market in Florida [5]. Group 3: Strategic Goals - The acquisition aligns with SGD's long-term strategic goals and commitment to shareholder interests, aiming to create sustainable value through leveraging Resource Group's technology and core business [7]. - The company expresses confidence that the market has not fully recognized the transformative potential of this acquisition, which is expected to generate substantial value for shareholders [6].
Safe and Green Development Corporation Releases Shareholder Letter Regarding Decision to Acquire Resource Group