Public Company Manufacturing

Hydrofarm

Fairless Hills, Pennsylvania, United States

Distributor and manufacturer of controlled-environment agriculture (CEA) equipment and hydroponics products, including grow lights, climate control solutions, growing media, nutrients, and branded proprietary products.

Focus Areas
Hydroponic equipment, Plant nutrients / fertilizers, Growing media & horticultural inputs

Tracked deals

3

3 tracked deals across 2021.

Recent pace

0

0 tracked deals announced in the last 12 months.

Deal mix

Buyout

3 buyout

Hydrofarm Acquisition Volume by Year

Last 1 years

Acquisition volume by year Annual acquisition counts for the last 1 years for Hydrofarm. 3 2021

Supporting Data

Recent Transactions

  • Buyer
    Hydrofarm Holdings Group, Inc.
    Target
    Greenstar Plant Products, Inc.
    Industry
    Manufacturing
    Location
    British Columbia, Canada
    Type
    Buyout

    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.

  • Buyer
    Hydrofarm Holdings Group, Inc.
    Target
    House & Garden, Inc., Humboldt Wholesale, Inc., Allied Imports & Logistics, Inc., South Coast Horticultural Supply, Inc.
    Industry
    Agriculture
    Type
    Buyout

    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.

  • Buyer
    Hydrofarm Holdings Group, Inc.
    Target
    Field 16, LLC (HEAVY 16)
    Industry
    Manufacturing
    Type
    Buyout

    Hydrofarm Holdings Group, Inc. entered into an agreement to acquire Field 16, LLC, the manufacturer and distributor of the HEAVY 16 line of premium plant nutrients, in a deal expected to close in May 2021. The acquisition expands Hydrofarm’s proprietary branded product portfolio and manufacturing capabilities in the controlled-environment agriculture (CEA) market and is expected to be accretive to adjusted EBITDA.

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