M&A
confidence high
sentiment positive
materiality 0.75
Hydrofarm completes $58M acquisition of IGE (horticulture equipment)
HYDROFARM HOLDINGS GROUP, INC.
- Closed acquisition of Innovative Growers Equipment (IGE) on Nov 1, 2021 for ~$58M.
- Consideration: $46.4M cash plus 323,312 shares of HYFM common stock.
- IGE manufactures horticulture benches, racking and LED lighting systems.
- Acquisition follows recent purchase of Canada's Greenstar Plant Products, Inc.