M&A Deal Summary

Agrify Acquires Lab Society

On February 2, 2022, Agrify acquired business services company Lab Society for 8M USD

Acquisition Highlights
  • This is Agrify’s 1st transaction in the Business Services sector.
  • This is Agrify’s largest (disclosed) transaction.
  • This is Agrify’s 3rd transaction in the United States.
  • This is Agrify’s 1st transaction in Colorado.

M&A Deal Summary
Date 2022-02-02
Target Lab Society
Sector Business Services
Buyer(s) Agrify
Deal Type Add-on Acquisition
Deal Value 8M USD

Target

Lab Society

Boulder, Colorado, United States
website
Lab Society is developing state-of-the-art distillation and solvent separation extraction solutions for the cannabis and hemp industry. Lab Society proprietary software, EliteLab provides the comprehensive ability to maximize hardware utilization featuring control of temperature control units (TCUs), pressure controllers and gauges, balances, and scales, and agitation stir controllers. Lab Society was founded in 2015 and is based in Boulder, Colorado.

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Buyer(S) 1

Buyer

Agrify

Billerica, Massachusetts, United States

website

Category Company
Founded 2016
Sector Business Services
Employees136
Revenue 60M USD (2021)
DESCRIPTION

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.

DEAL STATS #
Overall 3 of 4
Sector (Business Services) 1 of 2
Type (Add-on Acquisition) 1 of 1
State (Colorado) 1 of 1
Country (United States) 3 of 4
Year (2022) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-04 Cascade Sciences

Hillsboro, Oregon, United States

Cascade Sciences is a provider of professional-grade processing solutions. Cascade's extensive line of vacuum, drying, and decarboxylation ovens, reactor systems, rotary evaporators, vacuum cold traps, chillers, homogenizers, laboratory baths, moisture analyzers, and scientific balances set the standard in laboratory testing and processing solutions. Cascade Sciences is based in Hillsboro, Oregon.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-16 Nature s Miracle

Upland, California, United States

Nature's Miracle is an integrated agriculture technology company providing equipment and services to the Controlled Environment Agriculture industry. Through its two wholly-owned subsidiaries Visiontech Group, Inc. and Hydroman, Inc., the company offers products including horticultural lighting, irrigation systems, power distribution systems, materials, and equipment to indoor, greenhouse, hydroponic, and vertical growers. It has also developed cost-effective solutions for greenhouse systems, automated vertical farming, and modular container grow systems. Nature's Miracle is based in Upland, California.

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Mergr

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