Agrify - M&A Summary and Business Overview

Business ServicesCompany

Agrify M&A Summary

Agrify has acquired 3 companies, including 3 in the last 5 years.

Agrify’s largest acquisition to date was in 2022, when it acquired Lab Society for $8M. Agrify has acquired in 3 different US states. The Company’s most targeted sectors include test/measurement equipment (67%) and business services (34%).

Agrify Business Overview

Where is Agrify headquartered?

Agrify is headquartered in Billerica, Massachusetts.

What is Agrify’s revenue?

Agrify disclosed revenue of 60M USD for 2021 and 12M USD for 2020.

How many employees does Agrify have?

Agrify has 136 employees.

What sector is Agrify in?

Agrify is a business services company.

When was Agrify founded?

Agrify was founded in 2016.

M&A Summary

M&A Total Activity3
- M&A Buy Activity3
Total Sectors Invested 2
Total Countries Invested 1
M&A Buy/Sell Connections 1
M&A Advisors 1

Agrify

Agrify Corp.

Building 3 76 Treble Cove Road PMB 326,
Billerica, Massachusetts 01862
United States,
(617) 896-5243
www.agrify.com

Agrify develops precision hardware and software grow solutions for the indoor agriculture marketplace. The company offers vertical farming units, integrated grow racks, and LED grow lights; and non-proprietary products designed, engineered, and manufactured by third parties, such as air cleaning systems and pesticide-free surface protection products. It provides associated services comprising consulting, engineering, and construction. Agrify was founded in 2016 and is based in Billerica, Massachusetts.

M&A Summary

Buy vs Sell

Year		≤ '19	'20	'21	'22	'23	'24	T
Buy (0.6/yr)	#	-	-	2	1	-	-	3
Buy (0.6/yr)	vol				$8M			$8M
Sell (0.0/yr)	#	-	-	-	-	-	-	0
								3

Most Recent M&A

Company	Date	Value	Type
Lab Society, Inc.	2022-02-02	8M USD	Add-on Acquisition
Boulder, Colorado · www.labsociety.com
Cascade Sciences	2021-10-04	-	Divestiture
Hillsboro, Oregon · www.cascadesciences.com
Precision Extraction Solutions	2021-10-04	-	Divestiture
Troy, Michigan · www.precisionextraction.com
View All >>

M&A by Sector

Sector	Buy #	Value	Sell #	Value
Test/Measurement Equipment	2 (67%)	-	-	-
Business Services	1 (33%)	8M (100%)	-	-
Total	3	$8M	-	-

By Geo

State/Country		Buy	Value	Sell	Value
United States		3	8M	-	-
	Oregon	1	-	-	-
	Michigan	1	-	-	-
	Colorado	1	8M	-	-
Total		3	$8M	-	-

Top M&A Advisors

Legal	Deals
Burns & Levinson	2

Deal Values

buy	#	Total
< $100M	1	$8M
TOTAL		$8M
Largest	Lab Society, Inc. $8M (2022-02-02)

M&A Connections

		Deals
Acquired from
Strategic(s)	67%	2 (67%)

Company Summary

SECTOR

Business Services

Revenue

60 400%	2021
12 200%	2020
4 100%	2019
2	2018
(millions of USD)	Show More Show Less

Employees

136

Established

2016

Public

NASDAQ: AGFY

Former Name

Agrinamics, Inc.

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Agrify - M&A Summary and Business Overview

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