Hydrobuilder Holdings Acquires New England Hydroponics

Hydrobuilder Holdings Acquires Way to Grow

July 21, 2021

Agriculture

Hydrobuilder Holdings LLC, an omnichannel platform serving the hydroponics, controlled-environment agriculture (CEA) and specialty agriculture market, acquired Way to Grow, a Colorado-based retailer of aeroponic, hydroponic and greenhouse products. The deal adds five retail locations in Colorado to Hydrobuilder's portfolio and expands the platform's geographic and retail footprint.

Hydrobuilder Holdings Acquires Elevated Equipment Supply

February 25, 2021

Agriculture

Hydrobuilder Holdings LLC, a PE-backed omni-channel retailer of hydroponics and specialty agriculture supplies, has acquired Elevated Equipment Supply, a Los Angeles-based commercial hydroponic superstore and distribution center. The acquisition expands Hydrobuilder's distribution footprint and commercial capabilities, adding approximately 75,000 square feet of warehouse space to its omni-channel platform.

GrowGeneration Acquires Aquarius Hydroponics

March 17, 2021

Retail

GrowGeneration Corp. has acquired Aquarius Hydroponics, a hydroponics and garden supply retailer based in Agawam, Massachusetts. The deal gives GrowGeneration its first location in Massachusetts and adds Aquarius's ~14,600 sq. ft. store and 10 employees to GrowGen's growing network of specialty hydroponic garden centers.

GrowGeneration Corp. Acquires HGS Hydro

July 28, 2021

Retail

GrowGeneration Corp. signed an asset purchase agreement to acquire HGS Hydro, the third-largest chain of hydroponic garden centers in the U.S., adding six existing Michigan stores (with a seventh opening soon). The acquisition will increase GrowGeneration's Michigan footprint and bring its total store count to 65, and is expected to close before GrowGeneration's fiscal year-end 2021.

GrowGeneration Acquires Assets of H2O Hydroponics (Lansing, MI)

June 17, 2020

Retail

GrowGeneration Corp. purchased substantially all assets of H2O Hydroponics, LLC to open a new 15,000 sq. ft. super hydroponic garden center in Lansing, Michigan that will operate as a retail/commercial location and fulfillment center. The acquisition expands GrowGeneration’s Michigan footprint and supply-chain capabilities; management expects the consolidated Lansing location to generate over $7.0 million in sales (H2O reported ~ $4.0 million in 2019).

Hydrofarm Acquires House & Garden

May 24, 2021

Agriculture

Hydrofarm Holdings Group, Inc. agreed to acquire House & Garden, Inc. and affiliated entities for approximately $125 million, funded with existing cash, with the acquired businesses becoming wholly owned indirect subsidiaries. The acquisition expands Hydrofarm's branded nutrients portfolio (including the House & Garden and Mad Farmer brands), with House & Garden expected to generate about $55 million in 2021 net sales and the deal valuing the business at under 7x estimated 2021 adjusted EBITDA.