Add-on acquisition Nov 2019 Verified
urban-gro Acquires Impact Engineering (Grow2Guys)
urban-gro acquired Impact Engineering Inc. (d/b/a Grow2Guys), a MEP engineering firm with cannabis facility design experience, to engage customers earlier and enter the purpose-built HVAC segment. The acquisition was made in Q1 2019.
“In Q1, urban-gro acquired Impact Engineering Inc. (d/b/a Grow2Guys), a MEP engineering firm with related design experience in over 200 cannabis cultivation facilities. The Company made this acquisition to: 1) engage with customers earlier in the facility design process, and 2) enter the purpose-built HVAC segment.”
Entities
Impact Engineering Inc. · Target urban-gro, Inc. · Acquirer
HVAC Sentiment: Positive
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