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Hydrobuilder Holdings Appoints Chintan Patel as Chief Information Officer

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Hydrobuilder Holdings has appointed Chintan Patel as the new Chief Information Officer (CIO). Chintan brings over five years of experience from SiteOne Landscape Supply where she developed their eCommerce and IT systems. Her expertise will be pivotal for Hydrobuilder as they aim to expand in the hydroponics and specialty agriculture sectors. The company, which is the second largest omnichannel platform in the industry, emphasizes integrating technology to enhance business value. This leadership change marks a strategic move towards strengthening their operations.

Positive
  • Chintan Patel has extensive experience in building omnichannel IT systems, which may enhance Hydrobuilder's operational efficiency.
  • The appointment follows a pattern of strategic leadership moves aimed at expansion opportunities in a fragmented market.
Negative
  • Chintan Patel's transition from a different industry raises concerns about her familiarity with the specific needs of the hydroponics sector.

PALM BEACH, Fla.--(BUSINESS WIRE)-- Hydrobuilder Holdings LLC (“Hydrobuilder Holdings” or “the Company”), a leading omnichannel platform serving the hydroponics, Controlled Environment Agriculture (CEA) and specialty agriculture industry, today announced the appointment of Chintan Patel as Chief Information Officer (CIO). In this new position, Chintan will oversee the Company’s technology initiatives.

Prior to joining Hydrobuilder Holdings, Chintan served as Vice President of Information Technology Systems for SiteOne Landscape Supply, Inc. (NYSE: SITE), a North American wholesale distributor of landscape supplies. In that role, over 5 years, Chintan helped build SiteOne’s eCommerce business from scratch, developing the first fully integrated omni-channel system in the green industry; launched their first Mobile App; managed both their point of sale systems, which was installed in 650+ stores, and their supply chain systems, which services billions of dollars of annual sales transactions through their retail channels.

Before joining SiteOne, Chintan served in various technical and digital positions at several Fortune 100 retailers such as Verizon and Canon.

“We are pleased that Chintan has joined Hydrobuilder Holdings as our new Chief Information Officer. Chintan has spent the majority of her career focused on retail technology where she has built omnichannel IT eco-systems to seamlessly integrate sales channels which have created significant business value. Her relevant experience in building retail and digital systems from the ground up and integrating IT systems from acquisitions will be critical to us as we seek expansion opportunities in this fragmented industry. We are delighted to be welcoming Chintan to our leadership team,” said Markus Hockenson, Chief Executive Officer.

Chintan grew up in Africa, India and the US and earned BS and MS degrees in Computer Science prior to earning an MBA from New York University. Chintan currently resides in Atlanta, GA with her husband and two sons.

About Hydrobuilder Holdings LLC

Hydrobuilder Holdings is the second largest omnichannel platform in the hydroponics, CEA and specialty agriculture industry in the United States, serving the entire spectrum of customers from hobbyists to large commercial growers through its online, retail and warehouse direct channels. The Company was formed in October 2020 and has since acquired five companies that are each market leaders across different sales channels and geographies: GreenCoast, the nation’s second largest hydroponics retailer; Hydrobuilder.com, a leading online retailer of hydroponics and horticultural supplies; Elevated Equipment Supply, a full-service equipment and supplies provider; Way to Grow, a Colorado-based retailer of aeroponic, hydroponic and greenhouse products; and Home Grown Ventures, a Washington-based manufacturer and distributer of a proprietary blend of water-soluble nutrients used for commercial agriculture. For more information, please visit https://www.hbhold.com/

Media

Cory Ziskind

ICR

646-277-1232

Cory.Ziskind@icrinc.com

Investors

Raphael Gross

ICR

203-682-8253

Raphael.Gross@icrinc.com

Source: Hydrobuilder Holdings LLC

FAQ

What is the significance of Chintan Patel's appointment at SiteOne (NYSE:SITE)?

Chintan Patel helped build SiteOne’s eCommerce business and integrated systems, which significantly enhanced their operational capabilities.

How might Chintan Patel's experience impact Hydrobuilder Holdings?

Her background in retail tech and omnichannel integration may improve Hydrobuilder's efficiency and expansion efforts.

What role will Chintan Patel have at Hydrobuilder Holdings?

As CIO, she will oversee technology initiatives, focusing on enhancing the company’s digital capabilities.

When was Hydrobuilder Holdings formed?

Hydrobuilder Holdings was formed in October 2020.

What is Hydrobuilder Holdings' position in the hydroponics industry?

Hydrobuilder Holdings is the second largest omnichannel platform in the hydroponics and specialty agriculture industry in the U.S.

SiteOne Landscape Supply, Inc.

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