M&A Deal Summary

GrowGeneration Acquires Downriver Hydro

On April 20, 2021, GrowGeneration acquired retailer Downriver Hydro

Acquisition Highlights
  • This is GrowGeneration’s 14th transaction in the Retail sector.
  • This is GrowGeneration’s 22nd transaction in the United States.
  • This is GrowGeneration’s 4th transaction in Michigan.

M&A Deal Summary
Date 2021-04-20
Target Downriver Hydro
Sector Retail
Buyer(s) GrowGeneration
Deal Type Add-on Acquisition

Target

Downriver Hydro

Brownstown, Michigan, United States
Downriver Hydro is a Michigan-based indoor garden supply center in Wayne County. Downriver Hydro was founded in 2011 and is based in Brownstown, Michigan.

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Buyer(S) 1

Buyer

GrowGeneration

Pueblo, Colorado, United States
Category Company
Sector Retail
Revenue 226M USD (2023)
DESCRIPTION

GrowGeneration is a specialty retail hydroponic and organic gardening store chain, selling to both the commercial and home cannabis markets. GrowGen carries and sells thousands of products, including organic nutrients and soils, advanced lighting technology and state of the art hydroponic equipment to be used indoors and outdoors by commercial and home growers. GrowGeneration is based in Pueblo, Colorado.

DEAL STATS #
Overall 22 of 29
Sector (Retail) 14 of 20
Type (Add-on Acquisition) 22 of 29
State (Michigan) 4 of 5
Country (United States) 22 of 29
Year (2021) 7 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-22 Agron

Aurora, Colorado, United States

Agron is a wholesale agriculture platform that allows commercial growers to manage their purchasing and logistics in one platform. Agron was founded in 2016 and is based in Aurora, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-25 The Harvest

Redding, California, United States

The Harvest provides Northern California growers with specialty hydroponic supplies and professional horticultural consultation services. The Harvest continues to push the limits of the cultivation industry by constantly challenging our ability in all growing situations and environments. The Harvest was founded in 2014 and is based in Redding, California.

Buy -
Mergr

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