M&A Deal Summary

GrowGeneration Acquires Hoagtech Hydroponics

On August 23, 2021, GrowGeneration acquired retailer Hoagtech Hydroponics

Acquisition Highlights
  • This is GrowGeneration’s 17th transaction in the Retail sector.
  • This is GrowGeneration’s 26th transaction in the United States.
  • This is GrowGeneration’s 3rd transaction in Washington.

M&A Deal Summary
Date 2021-08-23
Target Hoagtech Hydroponics
Sector Retail
Buyer(s) GrowGeneration
Deal Type Add-on Acquisition

Target

Hoagtech Hydroponics

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

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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 26 of 29
Sector (Retail) 17 of 20
Type (Add-on Acquisition) 26 of 29
State (Washington) 3 of 3
Country (United States) 26 of 29
Year (2021) 11 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-28 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-24 Commercial Grow Supply

Santa Clarita, California, United States

Commercial Grow Supply is a hydroponic superstore with a primary location serving Santa Clarita and the greater Los Angeles area. Commercial Grow Supply provides only the most proven and tested nutrients and best grow equipment, along with expert consultation for everyone, from beginner boutique cultivators to large-scale commercial grow operations. Commercial Grow Supply was founded in 2011 and is based in Santa Clarita, California.

Buy -
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