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Grow Generation

GrowGeneration Acquires Hoagtech Hydroponics to Boost Expansion

GrowGeneration Corp., a specialty hydroponic and organic garden center chain, recently acquired Hoagtech Hydroponics, a hydroponic equipment and indoor gardening store serving the Bellingham area. This acquisition brings the total number of GrowGen hydroponic garden centers nationwide to 59 stores.

“This transaction expands our footprint in the Pacific Northwest and puts us in close proximity to some of the state’s largest commercial operators,” said Darren Lampert, GrowGeneration’s CEO. “Further, Bellingham is located near two major Pacific Northwest cites, Vancouver, British Columbia and Seattle. With the addition of Hoagtech Hydroponics, we expect the Washington market to generate annual revenues approaching $15 million.”

Founded in 2010, by Dan Hoag, GrowGeneration plans to operate out of Hoagtech’s 25,000-square-foot warehouse in Bellingham. As part of the transaction, Hoag and his team of eight cultivation experts will join GrowGeneration.

The Hoagtech Hydroponics acquisition is the company’s 13th acquisition this year and follows yet another quarter of record earnings. Earlier this month, the company raised its full-year 2021 revenue guidance to $455 million to $475 million. GrowGen plans to have more than 70 garden center locations by the end of 2021.


Inside The Story

Darren Lampert

About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.

  • ◦Sale/Acquisition