Safe & Green stock soars after acquiring Giant Containers

Investing.com -- Safe & Green Holdings Corp (NASDAQ:SGBX) stock surged 9.7% on Friday after the company announced it has completed the acquisition of Giant Containers Inc., a manufacturer of custom modular shipping container solutions.

The acquisition was finalized through a combination of cash and stock consideration, marking a strategic milestone in Safe & Green’s plan to expand as a value-added infrastructure solutions provider. Giant Containers brings established relationships with major clients including Tesla, Amazon, General Motors, Nike, and Yale University.

At the time of acquisition, Giant Containers has over $5 million in projects under contract and an additional $22.5 million in its pipeline, providing immediate revenue opportunities for Safe & Green.

The deal combines Giant Containers’ strengths in sales, marketing, and project management with Safe & Green’s manufacturing capabilities. This integration addresses Giant Containers’ need for scalable domestic fabrication while enhancing Safe & Green’s commercial reach.

"We are very excited about this strategic acquisition of Giant Containers. It was a key foundation stone in our corporate strategy to become a value-added energy provider, and we are now empowered with sales, design, and engineering capabilities for containerized power generation, crypto mining, and data center solutions," said Michael McLaren, CEO of Safe & Green.

Daniel Kroft, Founder and CEO of Giant Containers, elected to receive part of the transaction consideration in restricted Safe & Green Holdings common stock, demonstrating confidence in the combined company’s future growth potential.

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