Huma Inc. Acquires Gro-Power, Inc.

Paine Schwartz Partners Makes Strategic Investment in HGS BioScience (Formerly Humic Growth Solutions)

September 20, 2022

Agriculture

Paine Schwartz Partners completed a strategic investment through its Food Chain Fund VI in HGS BioScience (formerly Humic Growth Solutions), a Jacksonville-based manufacturer of extracted humic and fulvic acid products. The investment (terms undisclosed) will support the company's growth, product innovation and operational scaling across its six North American manufacturing sites and global distribution footprint.

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.

Hydrofarm Acquires Aurora Innovations' Organic Nutrients and Grow Media Operations

July 1, 2021

Agriculture

Hydrofarm Holdings Group, Inc. completed the acquisition of Aurora Innovations, Aurora International and Gotham Properties LLC, an Eugene, Oregon-based manufacturer and supplier of organic hydroponic nutrients and grow media. The deal expands Hydrofarm's portfolio of nutrient and growing-media brands and complements its recent purchases of HEAVY 16, House & Garden, and Mad Farmer.

GrowGeneration Acquires Grassroots Hydroponics

December 15, 2020

Retail

GrowGeneration Corp. (NASDAQ: GRWG) acquired Grassroots Hydroponics, a three-store chain of hydroponic garden centers in Southern California (Anza, Lake Elsinore and Murrieta). The acquisition expands GrowGeneration's California footprint to 13 stores and its national retail footprint to 39 locations, adding a high-volume, revenue-generating presence in the Southern California cultivation market.

Plantation Products Acquires Sustainable Agrico and Dyna-Gro

June 17, 2020

Consumer Products

Plantation Products, a Norton, Massachusetts-based supplier of branded gardening products, completed two add-on acquisitions in June 2020, acquiring Sustainable Agrico (the Seeds of Change gardening seeds business from Mars, Incorporated) and Dyna-Gro. The deals expand Plantation Products' seed and organic seed offerings and add liquid plant nutrient products to its branded portfolio to broaden its product mix and strengthen retail distribution.

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.