Jim Stone Co. of Louisiana Joins Siteone Landscape Supply

Rhea-AI Summary

SiteOne Landscape Supply (NYSE: SITE) has successfully completed its acquisition of Jim Stone Co. of Louisiana, a wholesale distributor specializing in natural stone and hardscapes. This acquisition marks SiteOne's 11th in 2022, enhancing its product offerings and expanding its market presence in the Gulf Coast region. The partnership is expected to deliver greater value to customers and opportunities for employees. SiteOne is the largest national distributor of landscape supplies in the U.S., catering mainly to landscape professionals involved in outdoor space design and maintenance.

Positive

• Expansion of product range and services through the acquisition of Jim Stone Co.
• Enhancement of market presence in the Gulf Coast region.
• Eleventh acquisition of 2022, indicating aggressive growth strategy.

Negative

• None.

ROSWELL, Ga.--(BUSINESS WIRE)-- SiteOne® Landscape Supply, Inc. (NYSE: SITE) announced today the company completed its acquisition of Jim Stone Co. of Louisiana, Inc. (“Jim Stone”), a wholesale distributor of natural stone and other hardscapes products with three locations in Southern Louisiana.

“Jim Stone is a great addition to SiteOne as it expands the range of products and services we can provide to our customers across the Gulf Coast,” said Doug Black, Chairman and CEO of SiteOne Landscape Supply. “They have a tremendous 20-year history of providing superior customer service, and we are excited to join with them and deliver even higher value to our combined customers.”

“We are excited to partner with SiteOne as we continue to grow our Louisiana operations,” said Jim Gibbons, owner of Jim Stone. “Our entire team is eager to leverage the added resources and service capabilities this partnership will bring to our loyal customers, as well as realize greater opportunities for our employees.”

This is the 11^TH 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/20220818005792/en/

Investor Relations:

SiteOne Landscape Supply, Inc.

470-277-7011

investors@siteone.com

or

Media:

SiteOne Landscape Supply, Inc.

Allison Flynn 470-277-7293

Director, Integrated Marketing

AFlynn@SiteOne.com

Source: SiteOne Landscape Supply, Inc.

FAQ

What recent acquisition did SiteOne Landscape Supply complete?

SiteOne Landscape Supply completed its acquisition of Jim Stone Co. of Louisiana.

How many acquisitions has SiteOne made in 2022?

SiteOne has made 11 acquisitions in 2022.

What products does Jim Stone Co. specialize in?

Jim Stone Co. specializes in natural stone and other hardscape products.

What is the significance of the Jim Stone acquisition for SiteOne?

The acquisition expands SiteOne's product offerings and market presence in the Gulf Coast.

What is the stock symbol for SiteOne Landscape Supply?

The stock symbol for SiteOne Landscape Supply is SITE.