SGBX - Mergers and acquisitions

CONROE, Texas, Jan. 07, 2026 (GLOBE NEWSWIRE) -- via IBN -- Safe & Green Holdings Corp. (NASDAQ:SGBX) ("Safe & Green" or the "Company") today announced that it has begun executing a comprehensive corporate rebranding initiative, including a planned name change to Olenox Industries Inc. and a corresponding update to its trading symbol, reflecting the company's transformation into a fully integrated energy and infrastructure solutions platform. The rebrand is designed to align the company's market identity with its operating strategy, following a year of significant operational and strategic restructuring. As part of the initiative, the company will consolidate its existing subsidiaries int

CONROE, Texas, Nov. 24, 2025 (GLOBE NEWSWIRE) -- via IBN -- Safe & Green Holdings Corp. (NASDAQ:SGBX) ("Safe & Green" or the "Company"), said that its wholly owned subsidiary Olenox Corp. received its DOT number and is preparing to mobilize its service assets. Safe & Green will start servicing its own assets and is preparing to hire a sales team to market the rigs and other service equipment to third parties as well. Michael McLaren, CEO, Safe & Green Holdings Corp., said: "This is a big step for us to get our service assets mobile and rekindle our O&G [Oil and Gas] service division. Our O&G service division is a key part of our production strategy, being able to do our own work greatly r

Monday's worldwide Amazon Web Services outage reveals vulnerabilities of 25-year-old technology OneQode deploys tailored private infrastructure solutions optimized for performance, speed and sovereignty CONROE, Texas, Oct. 22, 2025 (GLOBE NEWSWIRE) -- via IBN - Safe & Green Holdings Corp. (NASDAQ:SGBX) ("Safe & Green" or the "Company"), and its subsidiary Olenox Corp, a vertically integrated energy company, today reiterate the significance of its Open Collaborative Framework ("OCF") partnership recently signed with OneQode, a global technology company recognized for its high-performance networking and digital infrastructure capabilities. Monday's massive outage at Amazon Web Services kn

CONROE, Texas, Oct. 20, 2025 (GLOBE NEWSWIRE) -- via IBN – Olenox Corp, a vertically integrated energy company and wholly owned subsidiary of  Safe & Green Holdings Corp. (NASDAQ:SGBX), is pleased to announce Olenox has begun the initial review of several drilling sites on current leases held within its oil and gas portfolio. As the energy development arm of SGBX, Olenox intends to implement an aggressive drilling program with plans to target completion of one drilling project during the fourth quarter of 2025, followed by an ambitious drilling agenda outlined for 2026 and beyond. "While we are still bringing on legacy production on our leases, the company is committed to generate new p

CONROE, Texas, Oct. 16, 2025 (GLOBE NEWSWIRE) -- via IBN -- Safe & Green Holdings Corp. (NASDAQ:SGBX), and its wholly owned subsidiary, Olenox Corp, a vertically integrated energy company,  today announce the completion of Phase 1 of its intelligent wellsite monitoring system, leveraging the company's Machfu gateway as its core technology. The system is designed to optimize wellsite operations through real-time, bi-directional monitoring and control — reducing lifting costs, site visits, and unnecessary energy consumption. The AI-powered system utilizes a proprietary algorithm to analyze water-cut percentages and dynamically adjust pumpjack operations. By modulating pump speeds—or tempora

MIAMI, FL, May 29, 2025 (GLOBE NEWSWIRE) -- Safe & Green Holdings Corp. (NASDAQ:SGBX) ("Safe & Green Holdings" or the "Company"), a leading developer, designer, and fabricator of modular structures diversified platform transforming critical infrastructure through sustainable modular innovation, announces the acquisition of certain assets of Sherman Oil Company, LLC and several affiliatendividuals and entities that total 1,600 acres of oil wells and leases. The newly acquired assets are are reported to be producing an average of 45 barrels of oil per day. Mike McLaren, Safe and Green Holdings Chairman and CEO commented, "We continue to strengthen our portfolio of oil and gas assets as we e

MIAMI, FL, April 09, 2025 (GLOBE NEWSWIRE) -- Safe & Green Holdings Corp. (NASDAQ:SGBX) ("Safe & Green Holdings" or the "Company"), a leading developer, designer, and fabricator of modular structures, announces the acquisition of the assets and business of County Line Industrial, LLC, a Durant, Oklahoma business providing welding services in Oklahoma and Texas.  The acquisition enhances the Company's access to customers in its ready-mix cement and oil and gas businesses. The Company believes that the strategic move to bring County Line's welding services in-house will create additional revenue while also improving the profitability of the Company's modular manufacturing business.  Safe &

MIAMI, Fla, Feb. 08, 2024 (GLOBE NEWSWIRE) -- Safe and Green Development Corporation (NASDAQ:SGD) ("SG Devco" or the "Company"), today announced that it has closed on the previously announced acquisition of Majestic World Holdings ("MWH"), a real estate technology firm and owner of the Xene AI Software platform ("XENE Platform").  The purchase price for the acquisition consists of an aggregate of $500 thousand in cash to be paid over 5 quarters and 500,000 shares of SG Devco restricted stock valued at $1.075 million, or $2.15 per share. Under the terms of the agreement, Matthew Barstow, MWH CEO & President will become Senior Vice President of Innovation at SG Devco. The acquisition is a mi

Company plans to build 125,000 SF residential apartment complex offering 134 rental units. SG Blocks, Inc. (NASDAQ:SGBX) ("SG Blocks" or the "Company"), a leading designer, innovator and fabricator of container-based structures, today announced that SGB Development Corp. ("SGB DevCorp"), a wholly-owned subsidiary of the Company, through its partnership with CMC Development Group ("CMC"), ZT Architecture + Land Development and Community Development Consortium, has acquired a six-acre site on Norman Berry Drive in Atlanta, Georgia for the development of a rental apartment community. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/202

Company plans to build 70,000 SF residential apartment complex in the greater Atlanta area for affordable housing units. SG Blocks, Inc. (NASDAQ:SGBX) ("SG Blocks" or the "Company"), a leading designer, innovator and fabricator of container-based structures, announced today that SGB Development Corp. ("SGB DevCorp"), a subsidiary of SG Blocks, has acquired a membership interest to build 70,000 sq. ft of affordable housing in the Atlanta, Georgia metropolitan area to be known as "Norman Berry Village". SGB DevCorp has partnered with CMC, a New York City-based real estate development firm with national expertise, with ZT Architecture & Land Development and Community Development Consortium pr

270,000 Square Feet of market-rate condominiums to be Manufactured at SG Echo for surrounding Austin, Texas area SG Blocks, Inc. (NASDAQ:SGBX) ("SG Blocks" or the "Company"), a leading designer, innovator and fabricator of container-based structures, announced today that SGB Development Corp., the real property development arm and wholly owned subsidiary of SG Blocks, has closed on its initial project site in Lago Vista, Texas. The 50+ acre parcel sits on Lake Travis on the Colorado River in central Texas and is planned to provide upscale condominiums, a health club, marina and other amenities, making Lago Vista an eco-chic alternative in the housing market. This press release features mu