urban-gro, Inc. Acquires Emerald Construction Management, Inc.
March 14, 2022
urban-gro, Inc. signed a definitive agreement to acquire Emerald Construction Management, Inc., a 37-year-old Colorado-based design-build and construction management firm headquartered in Centennial, Colorado. The transaction consideration is $7.0 million (including up to $2.0 million contingent earnout), funded with $2.5 million cash and up to $4.5 million in equity; Emerald C.M. reported expected 2021 revenue of $26.5 million and adjusted EBITDA of $1.2 million, and the acquisition is expected to be immediately accretive in 2022. The deal adds in-house turn-key design-build capabilities to urban-gro's global indoor Controlled Environment Agriculture (CEA) service offerings.
- Buyers
- urban-gro, Inc.
- Targets
- Emerald Construction Management, Inc.
- Industry
- Construction
- Location
- Colorado, United States
- Transaction Type
- Buyout
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