GrowGeneration to Acquire Grow Depot

GrowGeneration (NASDAQ: GRWG) announced on Monday Feb. 1 that it has agreed to acquire Maine-based Grow Depot. This acquisition brings the total number of GrowGen hydroponic garden centers in Maine to five. These locations include Auburn, Augusta, Biddeford, Brewer, and York. GrowGeneration will also operate 41 garden centers across the U.S. The companies did not disclose the financial details of the deal. Jim and Anthony Parisi and their 10 employees will join GrowGen's team of more than 450 grow professionals.

The Grow Depot acquisition is the second this year for GrowGeneration. Last month, GrowGeneration acquired Washington-based Indoor Garden & Lighting. Indoor Garden & Lighting is a two-store chain that provides indoor gardening gear and hydroponic materials across Seatt...

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