M&A Deal Summary

GrowGeneration Acquires HGS Hydro

On July 28, 2021, GrowGeneration acquired retailer HGS Hydro

Acquisition Highlights
  • This is GrowGeneration’s 16th transaction in the Retail sector.
  • This is GrowGeneration’s 25th transaction in the United States.
  • This is GrowGeneration’s 5th transaction in Michigan.

M&A Deal Summary
Date 2021-07-28
Target HGS Hydro
Sector Retail
Buyer(s) GrowGeneration
Deal Type Add-on Acquisition

Target

HGS Hydro

Shelby Township, Michigan, United States
HGS Hydro is a chain of hydroponic garden centers with six stores across Michigan with a mission is to provide the highest level of product information and customer service. HGS Hydro prides itself on knowing the latest developments in the Hydroponic industry to help in the cultivation of a personal garden. The company strives to offer detailed and descriptive product information, unique and vast selections, unbeatable pricing, and professional service. HGS Hydro was formed in 2015 and is based in Shelby Township, 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 25 of 29
Sector (Retail) 16 of 20
Type (Add-on Acquisition) 25 of 29
State (Michigan) 5 of 5
Country (United States) 25 of 29
Year (2021) 10 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-22 Mendocino Greenhouse and Garden Supply

Redwood Valley, California, United States

Mendocino Greenhouse and Garden Supply is a hydroponic garden center, that was founded in 2005 and is based in Redwood Valley, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-23 Hoagtech Hydroponics

Bellingham, Washington, United States

Hoagtech Hydroponics is a hydroponic equipment and indoor gardening store. Hoagtech Hydroponics is based in Bellingham, Washington.

Buy -
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