Sandbank Acosta, LLC to acquire Duos Technologies, Inc.

Sandbank Acosta, LLC has agreed to acquire the assets of Duos Technologies, Inc. in a transaction valued at approximately $8.9 million on an enterprise value basis. The deal, which was announced on 6 August 2026, involves consideration paid in both cash and loan notes. This asset sale represents a significant shift for the industrial sector firm, as it transitions from independent operations to being part of Sandbank Acosta’s portfolio. The completion date is recorded as 5 August 2026, indicating that the transaction closed shortly before the public announcement. Both entities are based in the United States, facilitating a domestic transfer of industrial assets. The structure allows the buyer to secure specific operational components without assuming the entire corporate entity of the target. This approach is common in situations where buyers seek particular technologies or customer contracts while managing legacy liabilities. The financial terms reflect the underlying value of the acquired industrial operations within the broader market context.

The transaction has been completed successfully. All necessary steps for the transfer of assets have been finalised between the parties involved. The deal marks the end of Duos Technologies’ independent existence as a standalone industrial company. Sandbank Acosta now holds the rights to the acquired assets and associated business operations. This move consolidates industrial capabilities under a single management structure. The use of mixed consideration suggests a negotiated settlement that balances immediate liquidity with long-term financing arrangements. The completion confirms the validity of the agreed terms and the successful execution of the asset sale. Regulatory and internal approvals were secured prior to the closing date. The parties have fulfilled their respective obligations under the acquisition agreement. The deal stands as a completed example of an asset-based acquisition in the US industrial sector.