Cape Cod Stone Joins SiteOne Landscape Supply

Rhea-AI Summary

SiteOne Landscape Supply (NYSE: SITE) has successfully acquired Cape Cod Stone, a wholesale distributor of hardscape products based in Orleans, Massachusetts. This marks SiteOne's ninth acquisition in 2022, highlighting its strategy to expand its market presence and enhance service offerings. Cape Cod Stone has a history of supplying quality stone products, and its integration is expected to bolster SiteOne's expertise in hardscapes. The acquisition aims to provide more opportunities for employees and improve service for clients in the growing Massachusetts Cape market.

Positive

• Successful acquisition of Cape Cod Stone enhances market presence.
• Cape Cod Stone brings a strong reputation and expertise in hardscapes.
• Ninth acquisition in 2022 signals aggressive growth strategy.

Negative

• None.

ROSWELL, Ga.--(BUSINESS WIRE)-- SiteOne® Landscape Supply, Inc. (NYSE: SITE) announced today the company completed its acquisition of Cape Cod Stone, a wholesale distributor of hardscapes products with one location in Orleans, Massachusetts.

“Since 1996, Cape Cod Stone has a tremendous history of providing quality natural and manufactured stone products to landscape contractors in the growing Massachusetts Cape market,” said Doug Black, Chairman and CEO of SiteOne Landscape Supply. “We are excited to welcome the team to our SiteOne family and expand our hardscapes expertise, products, and services for our combined customers.”

“We are excited to join SiteOne,” said Cape Cod Stone co-owner Bob Legge. “We have a hard-working and dedicated team, most of whom have been with Cape Cod Stone for more than 10 years. SiteOne will provide expanded opportunities for our people and allow us to continue providing the same great products and services to our valued customers.”

This is the ninth acquisition in 2022 for SiteOne as the company continues to expand the number of markets in which it offers the full range of landscape supplies and services to landscape professionals.

About SiteOne Landscape Supply:

SiteOne Landscape Supply (NYSE: SITE), is the largest and only national wholesale distributor of landscape supplies in the United States and has a growing presence in Canada. Its customers are primarily residential and commercial landscape professionals who specialize in the design, installation and maintenance of lawns, gardens, golf courses and other outdoor spaces. https://www.siteone.com/

View source version on businesswire.com: https://www.businesswire.com/news/home/20220812005020/en/

Investor Relations:

SiteOne Landscape Supply, Inc.

470-270-7011

investors@siteone.com

or

Media:

SiteOne Landscape Supply, Inc.

Allison Flynn

Director, Integrated Marketing

470-277-7293

AFlynn@SiteOne.com

Source: SiteOne Landscape Supply

FAQ

What was announced in SiteOne's recent press release?

SiteOne announced the completion of its acquisition of Cape Cod Stone, a distributor of hardscapes products in Massachusetts.

How many acquisitions has SiteOne made in 2022?

SiteOne has made nine acquisitions in 2022.

Where is Cape Cod Stone located?

Cape Cod Stone is located in Orleans, Massachusetts.

What benefits does SiteOne expect from the acquisition of Cape Cod Stone?

SiteOne expects to expand its hardscapes expertise and enhance service offerings for its customers.