Safe & Green Holdings (NASDAQ:SGBX) today announced the completion of its acquisition of Giant Containers, a leader in custom modular shipping container solutions.
The acquisition, finalized with a combination of cash and stock consideration, adds significant capabilities to Safe & Green, including sales, design, engineering, and project management expertise, while enabling scaled domestic fabrication and offshore sourcing capabilities.
Giant Containers serves an established customer base, including high-profile clients such as Tesla, Amazon, General Motors, Nike, and Yale University.
At the time of closing, Giant Containers reported $5 million in projects under contract and a $22.5 million project pipeline, positioning Safe & Green for accelerated growth in modular solutions.
The acquisition will enable Safe & Green to enhance its focus on containerized power generation, crypto mining, and data center solutions—industries that are expected to experience growing demand driven by artificial intelligence and other emerging technologies.
As part of the transaction, Giant Containers’ founder and CEO received part of the purchase price in restricted SGBX stock, aligning long-term incentives for continued success.