GrowGeneration Acquires Assets of H2O Hydroponics (Lansing, MI)
June 17, 2020
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).
- Buyers
- GrowGeneration Corp.
- Targets
- H2O Hydroponics, LLC
- Sellers
- H2O Hydroponics, LLC
- Industry
- Retail
- Location
- Michigan, United States
- Transaction Type
- Buyout
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