NativeSeed Group (Heartwood Partners) Acquires Star Seed

Heartwood Partners Acquires NativeSeed Group

March 27, 2023

Agriculture

Heartwood Partners LLC has acquired NativeSeed Group, a vertically integrated provider of native seeds and erosion control products headquartered in Carpinteria, California, from founder Victor Schaff. Heartwood said it will partner with the existing management team to expand the business organically and via strategic add-on acquisitions to grow geography and customer types.

NativeSeed Group Acquires Arrow Seed

July 24, 2024

Agriculture

NativeSeed Group, the seed and erosion-control platform backed by Heartwood Partners, has acquired Arrow Seed, a fourth-generation family-owned seed conditioner and supplier based in Broken Bow, Nebraska. The add-on expands NativeSeed's Midwestern footprint and broadens its product portfolio with additional warm-season and conservation seed varieties.

Heartwood Partners Acquires Majority Stake in Patten Seed Company (Super-Sod)

September 18, 2020

Agriculture

Heartwood Partners (Heartwood Partners III, LP) completed an investment in Patten Seed Company (doing business as Super-Sod) on September 18, 2020, providing capital to support the company's next phase of growth. The Patten family and senior management retained a meaningful equity stake; Heartwood intends to support organic growth, technology adoption, and acquisition-driven geographic expansion across the Southeastern U.S.

Hydrofarm Acquires Greenstar Plant Products

August 3, 2021

Manufacturing

Hydrofarm Holdings Group, Inc. acquired Canadian nutrient manufacturer Greenstar Plant Products, Inc., adding the Grotek and Gaia Green brands to its branded product portfolio. The deal, funded with cash and Hydrofarm's existing credit facility for approximately $83 million U.S., makes Greenstar a wholly owned indirect subsidiary and is expected to be accretive to Hydrofarm's 2021 adjusted EBITDA.

Incline Equity Partners Acquires Starwest Botanicals

June 3, 2021

Food & Beverage

Pittsburgh-based private equity firm Incline Equity Partners acquired Starwest Botanicals, a Sacramento-based value-added distributor and processor of organic botanicals, herbs and spices. Incline plans to accelerate growth through investments in marketing, channel management, infrastructure, technology and add-on acquisitions; transaction terms were not disclosed.

Sterling Investment Partners Acquires Majority Stake in HeartLand, LLC from Great Range Capital

September 6, 2019

Environmental Services

Westport, Connecticut-based Sterling Investment Partners made a majority equity investment in HeartLand, LLC, a Kansas City-based commercial landscape management platform, in partnership with HeartLand management. The transaction represents Great Range Capital’s sale of its portfolio company after building HeartLand through multiple regional acquisitions; Sterling will partner with management to support continued growth across the Midwest and Mountain West.