Pipp Horticulture Acquires Grow Glide Assets

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.



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