logo
logo

Hydrobuilder Holdings Acquires New England Hydroponics And Completes Elevated Warehouse Relocation

Jan 04, 2022•over 3 years ago

Acquiring Company

Hydrobuilder Holdings

Acquired Company

New England Hydroponics

Palm Beach

Description

Hydrobuilder Holdings LLC (“Hydrobuilder Holdings” or “the Company”), a leading omnichannel platform serving the indoor and outdoor CEA industry, including hydroponics, today announced that it has entered the Northeast by adding New England Hydroponics (“NE Hydro”) to its growing portfolio of assets, bringing its total number of physical retail locations to 22 and its number of warehouse locations to 9. Founded in 2002 by Ethan Holmes as an online retailer, New England Hydroponics has since grown to five retail locations and one warehouse location in each of Massachusetts and Maine and is now a leading indoor gardening retailer in the strategically important Northeastern market.

Company Information

Company

Hydrobuilder Holdings

Location

Palm Beach, Florida, United States

About

Hydrobuilder Holdings is the second largest omni-channel platform of specialty agriculture and hydroponics equipment and supplies in the United States, serving commercial and hobbyist growers of agricultural products through its online, retail and warehouse direct channels. The Company was formed in October 2020 and since then has acquired and is integrating three companies that are each market leaders across different sales channels: GreenCoast, the nation’s second largest hydroponics retailer (acquired in December 2020); Hydrobuilder.com, a leading online retailer of hydroponics and horticultural supplies (acquired in December 2020); and Elevated, a full-service equipment and supplies provider (acquired in February 2021).

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed