ICFG USA advised Growers House on its growth recapitalization
|Deal Type||Mergers & Acquisitions|
|Buyer||RLJ Equity and Cave Creek Capital Management|
Founded in 2011 by Nate Lipton and Paul Lipton, Growers House is based in Tucson, Arizona and has rapidly grown to become a leading digitally native, omni-channel hydroponic equipment and supplies retailer servicing the specialty agriculture industry.
Growers House and its subsidiaries combine the creation of proprietary, industry-leading video content with one of the largest assortments and seasoned cultivation experts to provide full-service retail and consulting to commercial and hobbyist growers alike, highlighting and defining the future of cultivation products and methodologies.
The recapitalization retains Co-Founder & Co-CEO Nate Lipton, his Co-CEO Angela Kapp, and the company’s management team. The team will use its deep connections with the industry’s pre-eminent growers and cultivation facilities to develop innovative products, and will leverage its compelling content brands, such as Canna Cribs, to bring them to market.
The company’s new investors will provide the necessary capital to accelerate its omni-channel growth, develop more world class content for its rapidly expanding base, expand into new markets and offer best-in-class services and products to B2B and B2C customers.
In addition to the continued development of the hydro industry’s leading e-commerce platform, Growers House will solidify its market leading business in Arizona with the addition of a second retail store, this one in Phoenix, and will begin serving international customers on its website https://growershouse.com/
|ICFG Office||New York Metro|