Hydrobuilder Holdings Acquires Elevated Equipment Supply

Hydrobuilder Holdings Acquires New England Hydroponics

January 4, 2022

Retail

Hydrobuilder Holdings LLC acquired New England Hydroponics, adding five retail locations and warehouse capacity in Massachusetts and Maine and marking Hydrobuilder’s entry into the Northeastern U.S. The acquisition expands Hydrobuilder’s omnichannel footprint to 22 retail locations and 9 warehouses and is intended to accelerate growth in the Commercial and retail CEA (controlled-environment agriculture) markets.

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.

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 Home Grown Ventures (HGV Nutrients)

July 20, 2021

Agriculture

Hydrobuilder Holdings LLC acquired Home Grown Ventures (HGV / HGV Nutrients), a manufacturer and distributor of proprietary water-soluble nutrients for commercial and hobbyist growers. The acquisition brings HGV in-house as part of Hydrobuilder's omnichannel platform to vertically integrate manufacturing and support the company's growth across commercial and retail channels.

Alta Equipment Group Acquires Hilo Equipment & Services

June 18, 2020

Industrial Services

Alta Equipment Group Inc. has entered into a definitive agreement to acquire Hilo Equipment & Services, a privately held material handling equipment distributor with three branches in the New York City metro area. Hilo generated approximately $50 million in revenue and $3.0 million of Adjusted EBITDA in FY2019; the acquisition expands Alta's footprint in the northeastern United States and strengthens its OEM partnerships and service capabilities.

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).