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Safe and Green Development Corporation Reports Over 3,200% Year-Over-Year Revenue Growth in Q2 2025; Resource Group Integration Positions Company for Accelerated Second-Half Performance
Globenewswire· 2025-08-18 12:30
Core Insights - Safe and Green Development Corporation (SGD) reported a significant revenue increase of $1.4 million in Q2 2025, marking over 3,200% growth compared to $42 thousand in Q2 2024, primarily due to the acquisition of Resource Group US Holdings LLC [1][5] - The company is evaluating a potential cryptocurrency treasury reserve opportunity, which may require divesting Resource Group, although no acceptable letter of intent has been received [1][5] - Management is focused on expanding the customer base, increasing operational efficiency, and diversifying revenue streams [1][5] Financial Performance - The company reported a net loss of $5.724 million for Q2 2025 [3] - Interest expense was $0.830 million, and depreciation & amortization amounted to $0.181 million [3] - Adjusted EBITDA for Q2 2025 was $(0.634) million, indicating ongoing challenges despite revenue growth [3][6] Strategic Developments - The acquisition of Resource Group has led to revenue acceleration, generating $1.4 million in just one month post-acquisition [7] - The company has exited legacy software and technology operations to concentrate on its core real estate and compost/transportation businesses [7] - A reevaluation of the real estate portfolio is underway, with plans to monetize select assets [7] Leadership and Outlook - The Board of Directors has been restructured to enhance strategic direction and growth initiatives [7] - Management anticipates approximately $4 million in revenue for Q3 2025, reflecting the first full quarter of operations with Resource Group [7] - The integration of Resource Group's operations is expected to unlock additional revenue streams and improve operational efficiencies [7]
Safe and Green Development Appoints New Board Members Following Acquisition of Resource Group US Holdings LLC
GlobeNewswire News Room· 2025-06-20 12:30
Core Insights - Safe and Green Development Corporation (SGD) has appointed three new members to its Board of Directors, enhancing its strategic direction following the acquisition of Resource Group US Holdings LLC [1] - The new directors, Bjarne Borg, James D. Burnham, and Anthony M. Cialone, bring extensive experience in real estate development, environmental engineering, private equity, and renewable technologies [1][5] Company Overview - Safe and Green Development Corporation focuses on real estate development, particularly in acquiring and investing in properties for green housing projects across the United States [6] - The company wholly owns Resource Group US Holdings LLC, which operates an 80+ acre organics processing facility in Florida, processing green waste and producing sustainable potting media [6] New Board Members' Backgrounds - Bjarne Borg has over 35 years of experience in real estate and renewable energy, co-founding Index Investment Group and serving on various advisory boards [2] - James D. Burnham has over 30 years of experience in mergers and acquisitions, primarily in the solid waste industry, and has co-founded Encell Composites [3] - Anthony M. Cialone has over 30 years of executive leadership experience, focusing on corporate operations and strategic planning, and has held multiple leadership roles in various companies [4]
Safe and Green Development Announces Strategic Plan to Unlock Shareholder Value Post-Acquisition
Prnewswire· 2025-06-11 12:52
Core Insights - Safe and Green Development Corporation's subsidiary, Resource Group US Holdings LLC, is expanding into high-value potting media and soil substrates using advanced milling technology [1][2] - The company aims to transition from commodity compost to higher-value markets, introducing sustainable products under the "Renewable Earth™" brand, with potential pricing reaching approximately $150 per ton, which is up to five times the value of traditional compost [1][2] - The implementation of Microtec milling technology, which has over 90 global installations, is expected to enhance production capabilities and market access [1][2] Company Overview - Safe and Green Development Corporation focuses on real estate development, particularly in green housing projects across the United States, and wholly owns Resource Group US Holdings LLC, which operates an organics processing facility in Florida [3] - Resource processes source-separated green waste and is expanding into sustainable, high-margin soil products through advanced milling technology [3] - The company also owns Majestic World Holdings LLC, which has developed a real estate AI platform to enhance transaction efficiency and increase margins on home sales [3] Market Potential - The introduction of the Renewable Earth product line is expected to create circular economic value by reducing reliance on environmentally harmful materials like peat and imported coir [2][5] - The company is positioned to lead in sustainable soil solutions for the horticulture, agriculture, and consumer landscaping sectors, focusing on performance, sustainability, and impact [2][5] - Resource's logistics and proprietary processing capabilities are expected to unlock a scalable and environmentally responsible business model with attractive margins and robust growth potential [2][5]
Safe and Green Development Corporation Achieves Strategic Milestone with Acquisition of Resource Group
Prnewswire· 2025-06-03 13:00
Core Viewpoint - The acquisition of Resource Group by Safe and Green Development Corporation (SGD) is a strategic move aimed at enhancing revenue-generating operations and aligning with the company's vision for sustainable development [2][5]. Company Overview - Safe and Green Development Corporation is a publicly traded real estate and development company focused on innovative and green building practices, utilizing prefabricated modules made from wood and steel [12]. - Resource Group US Holdings LLC specializes in transforming organic green waste into engineered soil and mulch products, providing sustainable solutions for various sectors [3]. Acquisition Details - SGD has completed the acquisition of Resource Group, which includes a permitted composting facility, two green waste aggregation sites, and a transportation fleet [2]. - The acquisition is expected to add significant revenues and growth potential to SGD's core business [5]. - SGD issued 376,818 shares of common stock, 1,500,000 shares of non-voting Series A Convertible Preferred Stock, and $480,000 in unsecured promissory notes as part of the acquisition [5]. Operational Integration - The Resource Group team will continue in their current roles, collaborating with SGD's leadership to ensure a seamless transition and integration of operations [4]. - The combined entity is working on aligning operations, optimizing logistics, and expanding sales of environmentally responsible products [11]. Future Plans - SGD plans to reconstitute its board of directors to include members from Resource Group, enhancing governance and oversight [6]. - The company is in the process of rebranding under a new name, which will be announced soon [11].
Safe and Green Development Corporation Reports 2024 Year-End Highlights
Prnewswire· 2025-04-01 13:00
Core Insights - Safe and Green Development Corporation (SGD) announced a strategic acquisition of Resource Group US Holdings LLC (RSG), aimed at long-term revenue growth in engineered soils and composting [1][2] - SGD achieved its first quarter of positive Adjusted EBITDA in Q4 2024, indicating progress in financial performance [1][6] - The company is focusing on monetizing non-core assets and advancing residential development projects to support future growth [1][3] Acquisition Details - The acquisition of RSG includes two subsidiaries: RGUS, which has a patented composting and engineered soils machinery, and ZEI, a logistics and trucking business [2] - RSG generated $17.5 million in revenue in 2023 and $18.75 million in 2024, with a reduced net loss from $6.2 million to $936,000 [2] - The transaction is expected to close by Q2 2025, pending customary conditions and RSG's audit completion [2] Financial Performance - For the full year 2024, SGD reported a net loss of $8.91 million, with an Adjusted EBITDA of $(1.77) million [6] - In Q4 2024, the company recorded a net loss of $1.53 million and an Adjusted EBITDA of $38,841, marking a significant improvement [6] Strategic Initiatives - SGD sold its St. Mary's property for $1.4 million to reduce high-interest debt and reinvest in aligned initiatives [3] - The company made construction progress in its Sugar Phase I development in South Texas, completing the first five homes [4] - SGD secured up to $10 million in potential investment from Arena Investors to support its strategic growth [5]