Agrify - M&A Summary and Business Overview

AgricultureCompany

Agrify M&A Summary

Agrify has acquired 5 companies, including 5 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 5 different US states. The Company’s most targeted sectors include business services (40%) and test/measurement equipment (40%).

Agrify Business Overview

Where is Agrify headquartered?

Agrify is headquartered in Troy, Michigan.

What is Agrify’s revenue?

Agrify disclosed revenue of 17M USD for 2023 and 58M USD for 2022.

How many employees does Agrify have?

Agrify has 39 employees.

What sector is Agrify in?

Agrify is an agriculture company.

When was Agrify founded?

Agrify was founded in 2016.

M&A Summary

  • M&A Total Activity5
    • M&A Buy Activity5
  • Total Sectors Invested 3
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 1
  • M&A Advisors 2

Agrify

Agrify Corp.

2468 Industrial Row Drive,
Troy, Michigan 48084
United States,
(855) 420-0020
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 Troy, Michigan.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.0/yr) # - - 2 1 - 2 5
vol $8M $8M
Sell (0.0/yr) # - - - - - - 0
  5

Most Recent M&A

Company Date Value Type
Señorita Drinks 2024-11-12 - Add-on Acquisition
, United States · www.senoritadrinks.com
Nature's Miracle Holding, Inc. 2024-05-16 - Merger
Upland, California · www.nature-miracle.com
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
Business Services 2 (40%) 8M (100%) - -
Test/Measurement Equipment 2 (40%) - - -
Beverages 1 (20%) - - -
Total 5 $8M - -

By Geo

State/Country Buy Value Sell Value
United States 5 8M - -
  Oregon 1 - - -
  Michigan 1 - - -
  Colorado 1 8M - -
  California 1 - - -
Total 5 $8M - -

Top M&A Advisors

Financial Deals
AGP/Alliance Global Partners
 2
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)
40%
2 (40%)

Company Summary

SECTOR

Agriculture

Revenue

17   71% 2023
58   4% 2022
60   400% 2021
12   200% 2020
4   100% 2019
2   2018
(millions of USD) Show More Show Less

Employees

39

Established

2016

Public

NASDAQ: AGFY

Former Name

Agrinamics, Inc.

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Michigan Companies , Agriculture Companies , United States Companies , Michigan Agriculture Companies , Michigan Agriculture with Acquisitions , Michigan Agriculture with Divestitures

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