Safe & Green Holdings Corp. Signs Letter of Intent to Acquire Giant Containers Inc.
- Acquisition brings $6.8 million in active projects under contract
- Access to high-profile client portfolio including Tesla, Nike, GM, and Yale University
- Strengthens executive team with addition of Giant's CEO as VP of Business Development
- Expands market reach across residential, commercial, industrial, and government sectors
- Enhances manufacturing capabilities and project pipeline across North America
- Deal is subject to due diligence and final negotiations - terms may change
- Non-binding LOI - acquisition not yet finalized
- Financial terms and acquisition cost not disclosed
Insights
SGBX's acquisition of Giant Containers would expand capabilities, add $6.8M in active projects, and strengthen client relationships in the modular construction sector.
This Letter of Intent to acquire Giant Containers represents a strategic horizontal integration for Safe & Green Holdings. The acquisition would combine two complementary businesses in the modular construction space, potentially strengthening SGBX's market position and capabilities.
The most concrete immediate value comes from Giant's
Giant's impressive client roster—featuring Tesla, Nike, General Motors, and Yale University—suggests strong brand reputation and quality standards that could benefit SGBX going forward. The acquisition would position SGBX to potentially access higher-profile clients and larger projects through these established relationships.
The appointment of Giant's CEO Daniel Kroft as VP of Business Development at SGBX appears designed to maintain business continuity and leverage his industry connections. This executive integration strategy often helps preserve client relationships during transitions and can accelerate business development.
It's important to note this is a non-binding LOI with closing anticipated by June 15, 2025, subject to due diligence, definitive agreements, and necessary approvals. The aggressive timeline (less than two weeks from announcement to expected closing) suggests either substantial pre-work or an expedited process.
While the strategic rationale appears sound—expanding capabilities and capturing project pipeline—execution risks remain, as with any acquisition. The success will ultimately depend on effective integration and leveraging of Giant's capabilities, relationships, and project expertise within the SGBX operational framework.
Based on the information provided, this acquisition appears aligned with SGBX's stated mission of transforming critical infrastructure through modular, ESG-aligned solutions, while potentially adding immediate revenue through Giant's active project portfolio.
Strategic acquisition would position Safe & Green to expand modular infrastructure capabilities and capture high-value project pipeline
MIAMI, FL, June 02, 2025 (GLOBE NEWSWIRE) -- Safe & Green Holdings Corp. (NASDAQ: SGBX) ("Safe & Green Holdings" or the "Company"), a leading designer and fabricator of modular structures, and a developer of diversified platforms that advance critical infrastructure through sustainable innovation, announces the signing of a non-binding Letter of Intent (“LOI”) to acquire Giant Containers Inc., a recognized leader in modular, container-based infrastructure solutions.
Under the terms of the LOI, Safe & Green will acquire
Giant Containers is a global developer of custom modular shipping container structures, trusted by some of the world’s most iconic brands and institutions including Tesla, Nike, General Motors, and Yale University. With years of experience serving the residential, commercial, industrial, and government sectors, Giant Containers has earned a reputation for award-winning, high-quality craftsmanship, cutting-edge design, and sustainable construction practices.
Giant currently has more than
Giant’s pipeline of projects includes commercial, residential, and industrial builds across North America, with clients such as Live Nation, Houston Airport, and GCT Deltaport, among others.
Safe & Green Chairman and CEO, Mike McLaren commented, “This strategic acquisition directly supports our mission to transform critical infrastructure through modular, ESG-aligned solutions. Giant brings a robust portfolio of current and upcoming projects, a strong pipeline of repeat clients, and deep expertise in modular construction. Additionally, bolstering our executive team with Daniel Kroft with his industry experience and entrepreneurial leadership will be instrumental in driving future growth as we strengthen our commitment to building long-term shareholder value.”
The proposed acquisition remains subject to customary conditions, including satisfactory due diligence, final negotiation and execution of definitive agreements, board approvals, and any necessary regulatory approvals. Final terms in the definitive agreements are subject to change from the LOI, closing is anticipated on or before June 15, 2025.
About Safe & Green Holdings Corp.
Safe & Green Holdings Corp., a leading modular solutions company, operates under core capabilities which include the development, design, and fabrication of modular structures, meeting the demand for safe and green solutions across various industries. The firm supports third-party and in-house developers, architects, builders, and owners in achieving faster execution, greener construction, and buildings of higher value. For more information, visit https://www.safeandgreenholdings.com/ and follow us at @SGHcorp on Twitter.
Safe Harbor Statement
Certain statements in this press release constitute "forward-looking statements" within the meaning of the federal securities laws. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. These forward-looking statements are based upon current estimates and assumptions and include statements regarding the execution of the non-binding letter of intent with Giant Containers, Inc. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are subject to various risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others, the Company’s ability to successfully negotiate and execute definitive documents for the acquisition of Giant Containers, Inc., the Company’s ability to successfully fulfill the manufacturing of Giant Container’s projects, the Company’s ability to maintain compliance with the NASDAQ listing requirements, and the other factors discussed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024 and its subsequent filings with the SEC, including subsequent periodic reports on Forms 10-Q and 8-K. The information in this release is provided only as of the date of this release, and we undertake no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.
Investor Relations:
CORE IR
516 222 2560
investors@safeandgreenholdings.com
FAQ
What is the value of SGBX's acquisition of Giant Containers?
When will Safe & Green Holdings complete the acquisition of Giant Containers?
Who are Giant Containers' major clients?
What position will Giant Containers' CEO take at Safe & Green Holdings?
How much revenue in active projects will SGBX acquire from Giant Containers?
