RLJ Equity Partners and Cave Creek Capital Recapitalize Growers House Holdings

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.

LKCM Headwater and Weave Growth Partners Recapitalize Knack Global

January 18, 2022

Healthcare Services

LKCM Headwater Investments, with support from Weave Growth Partners, completed a recapitalization investment in Knack Global to accelerate the company's growth. Knack's founder Rajiv Sharma retained a significant equity stake and will remain CEO as the investors help expand sales, tech-enabled service delivery, and pursue opportunistic acquisitions in the RCM market.

GrowGeneration Acquires Grow Warehouse

February 16, 2021

Retail

GrowGeneration Corp. acquired Grow Warehouse, a four-store hydroponic and organic garden center chain operating in Colorado and Oklahoma. The deal adds roughly 35,000 square feet, a team of 50+ cultivation professionals and about $20 million in annual revenue, bringing GrowGeneration's store count to 46 and expanding its Colorado and Oklahoma footprint.

Prairie Capital, Skyline Global Partners and S2G Ventures Recapitalize Lief Labs

October 26, 2021

Food & Beverage

Prairie Capital VII, Skyline Global Partners and S2G Ventures have partnered with Lief Labs' management and founder Adel Villalobos to recapitalize Lief Labs, a Valencia, California-based dietary supplement formulator and contract manufacturer. The recapitalization provides growth capital and strategic advisory to support investments in technology, raw materials and formulations, supply chain, human capital, production capacity and potential add-on acquisitions while the existing management team and CEO remain in place.

KLH Capital Recapitalizes The Warehouse Rentals & Supplies

November 12, 2021

Industrial Services

KLH Capital partnered with the management team of The Warehouse Rentals & Supplies (TWRS) in a recapitalization that gives management an ownership stake and brings in Salem Investment Partners as a financing partner. The deal will provide capital and resources to support TWRS’s growth as a national platform for surface-preparation equipment rental, value-added distribution, and on-site services.

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.