Safe & Green Holdings acquires County Line Industrial

MIAMI - Safe & Green Holdings Corp. (NASDAQ: SGBX), a company specializing in modular structures, has announced the acquisition of assets and business from County Line Industrial, LLC, a provider of welding services in Oklahoma and Texas. This strategic move is intended to bolster the company's access to customers in the ready-mix cement and oil and gas sectors.

The integration of County Line's welding services is expected to generate additional revenue and enhance the profitability of Safe & Green's modular manufacturing business. The company anticipates that this acquisition will lead to improved efficiency and margins for its shipping container-based projects.

County Line is set to continue its expansion by sourcing new oil and gas customers in the Midland, Texas area, where it has seen substantial growth. Michael McLaren, CEO of Safe & Green Holdings, expressed that County Line's addition is part of a series of acquisitions aimed at creating shareholder value and supporting the company's oil and gas subsidiary, Olenox.

The acquisition aligns with Safe & Green's recent purchase of Winchester Oil and Gas, as the company seeks to build on opportunities for productivity and efficiency, and enhance customer acquisition. Safe & Green Holdings continues its pursuit of growth and will provide updates on new developments.

Olenox Corp., a subsidiary of Safe & Green Holdings, is an advanced energy company focusing on oil and gas production, energy services, and energy technologies. It aims to revitalize distressed energy assets with minimal environmental impact.

Safe & Green Holdings Corp. is known for its modular solutions that cater to the demand for environmentally friendly construction across various industries. The company's capabilities span the development, design, and fabrication of modular structures.

This news is based on a press release statement from Safe & Green Holdings Corp. and does not include any subjective assessment or promotional content. The company's forward-looking statements are subject to various risks and uncertainties, which could cause actual results to differ from current expectations.

In other recent news, Safe & Green Holdings Corp. has made significant strides in its business operations. The company announced the acquisition of a 51% stake in Winchester Oil and Gas, LLC, through its subsidiary Olenox Corp. This acquisition involves over 500 oil wells, with plans to reactivate a significant portion by 2025. In financial maneuvers, Safe & Green Holdings secured a $100 million Equity Line of Credit with Tysadco Partners LLC, allowing the company to sell new common stock shares under specific conditions. Additionally, the company issued a promissory note valued at $375,700 to Generating Alpha Ltd., and another $360,000 note to GS Capital Partners, LLC, both with specific terms and conditions attached.

Furthermore, Safe & Green Holdings has regained compliance with Nasdaq's minimum equity standard, ensuring continued listing on The Nasdaq Capital Market. CEO Mike McLaren expressed satisfaction with meeting Nasdaq's requirements, highlighting the company's robust business strategy. These developments reflect Safe & Green Holdings' strategic efforts to expand its operations and maintain financial stability. The company continues to focus on leveraging its modular construction expertise and enhancing its market presence.

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