Safe & Green Holdings Corp. (SGBX) has signed a non-binding Letter of Intent to acquire Rock Springs Energy Group, marking a strategic step into oil refining. The proposed $35 million transaction includes the purchase of a modular crude oil distillation facility, permits, IP, and related assets in Rock Springs, Wyoming.
The deal supports Safe & Green’s plan to build a fully integrated oil and gas platform alongside its sustainable infrastructure business. A 60-day due diligence period is now underway, with the aim to finalize a definitive agreement and close the deal within the next few months.
The refinery specializes in converting low-cost feedstocks into high-value fuels and chemical products. Its location near the Uinta Basin provides strong access to key transportation routes and growing regional demand. Safe & Green plans to finance the acquisition through a combination of debt and equity.
If completed, the acquisition would significantly expand the company’s energy portfolio, positioning it to meet both traditional and emerging infrastructure needs.
The post Safe & Green Holdings Jumps 160% Following $35M Deal to Acquire Rock Springs Energy Group appeared first on PRISM MarketView.
