GrowGeneration Corp. GRWG recently announced the acquisition of Washington-based Hoagtech Hydroponics. This deal, which marks the company's 13th acquisition this year, has taken its store tally to 59.
This latest acquisition will aid GrowGeneration expand its footprint in the Pacific Northwest. It brings the company closer to some of the state's largest commercial operators. Bellingham is located near two Pacific Northwest cities, Vancouver, British Columbia and Seattle, WA. With the addition of Hoagtech Hydroponics, the company expects the Washington market to generate annual revenues of around $15 million.
Founded in 2010, Hoagtech Hydroponics is a hydroponic equipment and indoor gardening store and operates out of its 25,000-square-foot warehouse in Bellingham. Following the buyout, its founder Dan Hoag, and his team of eight cultivation experts will join GrowGeneration.
For more information:
GrowGeneration
www.GrowGeneration.com