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Announced

Hydrofarm to acquire Aurora Innovations for $161m.

Financials

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Transaction Value£114m
Consideration TypeOrdinary Shares, Cash, Contingent Deferred Consideration
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Fertilizers

hydroponic products

Friendly

Domestic

Single Bidder

Pending

Acquisition

Private

United States

Majority

Synopsis

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Hydrofarm, an independent distributor and manufacturer of hydroponics equipment and supplies for controlled environment agriculture, agreed to acquire Aurora Innovations, a Eugene, Oregon-based manufacturer and supplier of organic hydroponic products, for $161m. "We are pleased to welcome Aurora into our portfolio of quality brands, as our momentum continues to build on the acquisitions front. Aurora has blazed trails for earth-friendly growers, and their Roots Organics line is very popular – a standout for its focus on microbe stimulants. Aurora’s pioneering R&D lab work in plant nutrition over the past 10-plus years has led to the development of innovative products that improve yields for growers, while simultaneously advancing science in a meaningful way," Bill Toler, Hydrofarm Chairman and CEO.

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