---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-21-129956"
form_type: "8-K"
ticker: "HYFM"
cik: "0001695295"
company_name: "HYDROFARM HOLDINGS GROUP, INC."
filed_at: "2021-10-26T23:59:59+00:00"
generated_at: "2026-06-28T18:04:36.637487+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Hydrofarm acquires IGE for $58M; preliminary Q3 sales ~$122.5M, raises FY2021 guidance

## Summary
- Acquires Innovative Growers Equipment (IGE) for ~$58M (cash+stock); IGE expected $48M sales in 2021; ~7x EBITDA multiple.
- New $125M term loan (LIBOR+5.5%, 1% floor, matures Oct 2028) funds cash portion of IGE and general corporate purposes.
- Preliminary Q3 net sales $121-124M (+27% YoY), Adj EBITDA $14.4-16.4M (+108% YoY), net income $13.3-18.3M.
- Updated FY2021 outlook: net sales $470-490M (37-43% growth), Adj EBITDA $47-53M (10-11% of sales).
- Cites headwinds from cannabis oversupply in CA/Canada; expects improvement as new legal states ramp up.

## SEC filing metadata
- accession: 0001104659-21-129956
- form_type: 8-K
- ticker: HYFM
- cik: 0001695295
- company_name: HYDROFARM HOLDINGS GROUP, INC.
- filed_at: 2021-10-26T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1695295/000110465921129956/0001104659-21-129956-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1695295/000110465921129956/tm2130947d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-21-129956
- JSON: https://secwatch.observer/filing/0001104659-21-129956.json
- Plain text: https://secwatch.observer/filing/0001104659-21-129956.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.