This acquisition solidifies Pipp’s position as a leading provider of Indoor Commercial
Mobile Vertical Grow Racks, Greenhouse Structures, and Air Circulation Systems in
North America.
Walker, Michigan – March 6, 2023 –During the past 6 years, Pipp Horticulture has
emerged as a leading provider of indoor mobile vertical racking & in-rack airflow
solutions throughout North America. The complexities of scaling an operation in
this space have kept the competitive landscape lean, but in addition to Pipp
Horticulture, Grow Glide, found its lane delivering quality systems at scale and
developing a voice within this community.
“Following five years of both brands working hard to deliver higher value to their
respective customers, we are pleased to announce that Pipp Horticulture and Grow
Glide are now operating together and perfectly positioned to push the industry
forward into what is bound to be a very exciting future.” – Craig Umans, President
& CEO of Pipp.
Pipp will utilize the key strengths of each organization, and the expanded product
offerings will become available to the most discerning cultivation facilities
worldwide. Customers will receive value through Pipp Horticulture’s experience,
made-in-USA production, and dedication to world-class customer service together
with Grow Glide’s unique design features and use of cutting-edge technology. We
couldn’t be more excited about this acquisition enabling us to offer the best of the
best and deliver previously unimagined value to the most exciting marketplace –
indoor vertical farming!
“The team from Grow Glide is thrilled to be joining Pipp Horticulture. By utilizing
our knowledge, experience, and resources, we’ll be able to deliver even greater
value to cultivators around the world. This represents a significant step forward for
the indoor cultivation industry as a whole, and we’re honored to be at the forefront
of this evolution.” – Darin Siples and Travis Schwartz of Grow Glide.
www.growglide.com
About Pipp Horticulture
Pipp Horticulture is an industry-leading provider of vertical farming and space
optimization solutions. We work with commercial agriculture professionals globally
to design, install, and optimize operational spaces throughout cultivation, post-
harvest, manufacturing, and distribution facilities through the implementation of
vertical and mobile rack, cart, and ventilation systems. The Pipp team merges over
40 years of commercial mobile storage experience with horticulture industry
experts with over 50 years of operational experience in commercial agriculture and
seed-to-sale production. Pipp provides expertise, insight, and network connections
far beyond our mobile systems in support of our mission to augment financial
performance and mitigate risk for our partners. For more information, please visit
www.pipphorticulture.com.
About Novacap
Founded in 1981, Novacap is a leading North American private equity firm with
over C$8B of AUM that has invested in more than 100 platform companies and
completed more than 150 add-on acquisitions. Applying its sector-focused
approach since 2007 in Industries, TMT, Financial Services, and Digital
Infrastructure, Novacap’s deep domain expertise can accelerate company growth
and create long-term value. With experienced, dedicated investment and
operations teams as well as substantial capital, Novacap has the resources and
knowledge that help build world-class businesses. Novacap has offices in Montreal,
Toronto, and New York.
For more information, please visit www.novacap.ca.
Enjoyed that first hit? Come chill with us every week at the Friday Sesh for a freshly packed bowl of the week’s best cannabis news!
