SGD completes acquisition of Resource Group, a green waste solutions company.

• Safe and Green Development Corp acquires Resource Group US Holdings LLC • Resource Group transforms green waste into engineered soil and mulch products • Acquisition marks SGD's realignment towards revenue-generating operations • Resource Group's operational platform includes a composting facility and transportation fleet • SGD has acquired Resource Group's integrated operational platform and assets • Resource Group's focus on environmental solutions aligns with SGD's green development strategy • This acquisition will help SGD increase revenue and drive growth in the future.

Safe and Green Development Corp. (SGD) has announced the acquisition of Resource Group US Holdings LLC, a significant move that aligns with SGD's strategy to focus on revenue-generating operations. The acquisition, valued at an undisclosed amount, marks SGD's realignment towards environmentally sustainable and profitable ventures.

Resource Group specializes in transforming green waste into engineered soil and mulch products. The company's operational platform includes a composting facility and a transportation fleet, which SGD plans to integrate into its existing infrastructure. This acquisition will enable SGD to expand its capabilities in the environmental solutions sector, thereby increasing revenue and driving future growth.

The acquisition is part of SGD's broader green development strategy, which aims to promote sustainable practices while generating financial returns. Resource Group's focus on environmental solutions is a perfect fit for SGD's vision, as it complements the company's existing portfolio of green initiatives.

Following the acquisition, SGD will work closely with Resource Group to ensure a smooth transition and integration of the acquired assets. This collaborative approach is expected to maximize synergies between the two companies and accelerate SGD's growth trajectory.

The acquisition is subject to customary closing conditions and is expected to be completed by the end of Q3 2025. SGD has not disclosed the specific terms of the deal, including the purchase price and the structure of the acquisition.

For more information, please refer to the following sources:
[1] https://www.themaritimestandard.com/gulfnav-and-brooge-energy-finalize-aed-3-2-billion-acquisition-agreement-to-expand-uae-energy-logistics/