Suntex Enterprises Signs Letter of Intent to Acquire Deep South Electrical Contractors and GoldenEra Development from Golden Triangle Ventures

Rhea-AI Summary

Suntex Enterprises (OTC: SNTX) executed a Letter of Intent on March 5, 2026 to acquire Deep South Electrical Contractors and GoldenEra Development from Golden Triangle Ventures. The LOI signals intent to fold both operating subsidiaries into Suntex to expand its infrastructure, construction services, and development capabilities.

The companies operate in commercial/industrial electrical contracting and construction management; definitive agreements, due diligence and closing conditions remain pending and full terms will be announced later.

News Market Reaction – SNTX

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Data tracked by StockTitan Argus on the day of publication.

AUSTIN, Texas, March 05, 2026 (GLOBE NEWSWIRE) -- via IBN – Suntex Enterprises, Inc. (OTC: SNTX) today announced that it has executed a Letter of Intent (LOI) to acquire Deep South Electrical Contractors and GoldenEra Development, two operating subsidiaries currently held by Golden Triangle Ventures, Inc.

The agreement outlines Suntex’s intent to bring both operating businesses under the Suntex corporate structure, further expanding the Company’s operating footprint across infrastructure, construction services, and development operations.

Deep South Electrical Contractors is an active commercial and industrial electrical contractor supporting large-scale infrastructure and technology-driven facilities. GoldenEra Development provides construction management and development services tied to commercial and industrial projects. Both businesses are currently operating and engaged on projects supporting continued growth.

Management believes the addition of these operating companies will significantly strengthen Suntex’s revenue base and expand its ability to pursue larger infrastructure and development opportunities.

“This agreement represents another step in building Suntex into a stronger operating company,” said Javier Leal, CEO of Suntex Enterprises. “Deep South Electrical Contractors and GoldenEra Development bring established operations and ongoing project activity. Bringing these businesses under the Suntex umbrella allows us to continue expanding our operational platform and scale.”

The execution of the Letter of Intent reflects the parties’ commitment to move forward with definitive agreements and finalize the transaction following customary due diligence and closing conditions.

Full terms of the transaction, including the structure of the acquisition, will be announced once definitive agreements are finalized.

About Suntex Enterprises, Inc.

Suntex Enterprises, Inc. (OTC: SNTX) is focused on building and acquiring operating businesses across infrastructure, construction services, and asset-backed development opportunities. The Company’s strategy centers on expanding revenue-generating operations while strengthening its operational foundation for long-term growth.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements reflect current expectations regarding future events and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Suntex Enterprises undertakes no obligation to update forward-looking statements except as required by law.

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FAQ

What did Suntex (SNTX) announce on March 5, 2026 about Deep South Electrical Contractors?

Suntex announced a Letter of Intent to acquire Deep South Electrical Contractors. According to the company, Deep South is an active commercial and industrial electrical contractor whose operations would join Suntex pending due diligence and definitive agreements.

What businesses is Suntex (SNTX) seeking to acquire from Golden Triangle Ventures?

Suntex seeks to acquire Deep South Electrical Contractors and GoldenEra Development. According to the company, both are operating subsidiaries providing electrical contracting and construction management services to commercial and industrial projects.

Does the Letter of Intent mean Suntex (SNTX) has completed the acquisition?

No, the LOI does not finalize the acquisition; it expresses intent to proceed. According to the company, definitive agreements, customary due diligence and closing conditions must be completed before the transaction is final.

How could the acquisition of these subsidiaries affect Suntex (SNTX)?

The company says the acquisitions would expand Suntex's operating footprint and revenue base. According to the company, combining the businesses may enable pursuit of larger infrastructure and development opportunities after closing.

When will Suntex (SNTX) disclose the full terms of the proposed acquisition?

Suntex will announce full transaction terms after definitive agreements are finalized. According to the company, the parties must complete customary due diligence and satisfy closing conditions before disclosing final structure and terms.