M&A
confidence high
sentiment positive
materiality 0.75
Safe and Green Development to acquire 100% of Resource Group US Holdings LLC
RenX Enterprises Corp.
- Acquiring 100% equity of Resource Group, holder of exclusive composting/soils technology license.
- Resource Group revenues: $16M (2023) to $19.1M (2024), pro forma 2025 target $25M.
- Consideration includes shares equal to 49% of SGD outstanding at closing (19% upfront + convertible note).
- Strategic shift: SGD will focus on Resource Group's core business while leveraging real estate expertise.
- Closing subject to customary conditions and Resource Group audit; shareholder vote required.