Hydrofarm Holdings Group, Inc., a Petaluma, Calif.-based independent wholesaler and manufacturer of hydroponics equipment and horticultural products, completed a $55m equity financing.
This financing included new strategic and institutional investors, as well as follow on participation from Serruya Private Equity (SPE), Hawthorn Equity Partners, and affiliates of Broadband Capital.
The company intends to use the funds to continue to grow the business both organically and through acquisitions.
Led by Peter Wardenburg, Chief Executive Officer, Hydrofarm is a wholesaler and manufacturer of hydroponics equipment and commercial horticultural products, including high-intensity grow lights, climate control solutions, and growing media. The company has nine distribution centers across North America
It is both a manufacturer and distributor of hydroponic equipment and supplies and sells primarily through 1,500+ hydroponic and lawn and garden retailers across North America.