m_and_a
confidence high
sentiment positive
materiality 0.70
Safe & Green acquires Giant Group America for $3.5M; adds modular container building business
OLENOX INDUSTRIES INC.
- Purchase price $3.5M: $1M cash, $750k in 215k shares of SGBX stock, $1.75M promissory note at 5% interest.
- Target has $5M in current contracts and ~$22.5M in projects under review/proposal.
- Daniel Kroft hired as VP of Business Development at $250k base salary effective Jan 1, 2026.
- Closing occurred Dec 18, 2025; Giant becomes wholly owned subsidiary.
- Promissory note repayable in quarterly installments over 24 months starting April 15, 2026.
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