Hydrofarm, LLC
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Hydrofarm, LLC - overview
Established
1977
Location
Petaluma, CA, US
Primary Industry
Agribusiness
About
Hydrofarm, LLC is a leading provider of innovative equipment and supplies for horticulture, catering to both hobbyists and commercial growers across North America. Hydrofarm specializes in horticultural equipment and supplies. Founded in 1977 in Petaluma, US, it has undergone no significant changes in its core business strategy. Hydrofarm is managed by CEO Bill Toler and Pablo Oliver.
The company has completed 2 funding deals. Hydrofarm specializes in providing a comprehensive range of innovative equipment and supplies designed for horticulture, targeting both hobbyist and commercial growers. Their core offerings include nutrients and additives, growing media and containers, lighting solutions, atmospheric control systems, hydroponic equipment, plant care products, and tools for seed starting and cloning. Each product is engineered to enhance the cultivation process, ensuring optimal growing conditions for a variety of plants, from seed to harvest.
The company serves a diverse clientele, including individual growers, hydro shops, garden centers, and large-scale agricultural operations across the United States and Canada. Hydrofarm’s distribution network spans various geographical markets, making its products accessible to a wide array of customers engaged in indoor agriculture and hydroponics. Hydrofarm generates revenue through direct sales and partnerships with retailers, wholesalers, and commercial growers. The company's transactional structure includes B2B arrangements where retailers purchase products in bulk for resale and direct-to-consumer sales through its distribution channels.
Customers benefit from access to over 130 trusted brands, many of which are exclusive to Hydrofarm, allowing for competitive pricing and a diverse product portfolio. Transactions may involve multi-tier pricing plans tailored for commercial clients or bulk purchases, facilitating consistent supply for their growing needs. Hydrofarm's flagship products, which encompass premium plant foods, advanced lighting systems, and atmospheric control solutions, cater specifically to the evolving demands of the horticulture market. Hydrofarm aims to expand its product line with new innovative horticultural solutions set for release in the coming year.
The company plans to enter new geographic markets, particularly targeting regions in the Midwest and Northeast of the US by the end of 2024. Recent funding will be utilized to support these initiatives and enhance its production capabilities, ensuring the company meets the growing demand in the horticulture industry. Hawthorn Equity Partners no longer holds a stake in Hydrofarm, LLC.
Current Investors
Hawthorn Equity Partners, Broadband Capital, Serruya Private Equity
Primary Industry
Agribusiness
Sub Industries
Logistics & Distribution, Farm Equipment
Website
www.hydrofarm.com
Verticals
Manufacturing
Total Amount Raised
Subscriber access only
Hydrofarm, LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Innovative Growers Equipment, Inc. | - | ||||||||
| Add-on | Completed | Greenstar Plant Products, Inc. | - | ||||||||
| Add-on | Completed | Aurora International, Inc. | - | ||||||||
| Add-on | Completed | Gotham Properties LLC | - | ||||||||
| Add-on | Completed | Aurora Innovations, Inc. | - |
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