M&A Deal Summary

Hydrofarm Acquires Innovative Growers Equipment

On November 1, 2021, Hydrofarm acquired metals/mining company Innovative Growers Equipment

Acquisition Highlights
  • This is Hydrofarm’s 1st transaction in the Metals/Mining sector.
  • This is Hydrofarm’s 4th transaction in the United States.
  • This is Hydrofarm’s 1st transaction in Illinois.

M&A Deal Summary

Date 2021-11-01
Target Innovative Growers Equipment
Sector Metals/Mining
Buyer(s) Hydrofarm
Deal Type Add-on Acquisition

Target

Innovative Growers Equipment

Sycamore, Illinois, United States
Innovative Growers Equipment is a manufacturer of horticulture benches, racking, and LED lighting systems. Innovative Growers Equipment specializing in building custom Ebb & Flow greenhouse benches, matching expanded metal benches, grow racking systems, airflow solutions, lighting, and more while providing essential equipment and supplies for growers of quality plants throughout North America. Innovative Growers Equipment is based in Sycamore, Illinois.

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Buyer(S) 1

Buyer

Hydrofarm

Shoemakersville, California, United States

Category Company
Founded 1977
Sector Manufacturing
Employees286
Revenue 190M USD (2024)
DESCRIPTION

Hydrofarm is a manufacturer and distributor of hydroponics equipment and horticultural products. Hydrofarm was established in 1977 and is based in Shoemakersville, California.


DEAL STATS #
Overall 7 of 7
Sector: Metals/Mining M&A 1 of 1
Type: Add-on Acquisition M&A Deals 6 of 6
State: Illinois M&A 1 of 1
Country: United States M&A 4 of 4
Year: 2021 M&A 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-03 Greenstar Plant Products

Langley, British Columbia, Canada

Greenstar Plant Products is a wholesale distributor of the garden, growing products and services, and pet supplies to commercial operators, including vineyards, landscapers, greenhouses, municipalities, nurseries, organic farms, golf courses, and retail indoor and outdoor garden centers. Greenstar Plant Products is based in Langley, British Columbia.

Buy $83M