JK Enterprise Landscape Supply Joins SiteOne Landscape Supply

Rhea-AI Summary

SiteOne Landscape Supply (NYSE: SITE) has acquired JK Enterprise Landscape Supply, LLC, expanding its presence in Northern Virginia and Maryland with seven new locations. JK Enterprise is recognized for high-quality landscaping supplies, including mulches, soils, and hardscapes. This strategic acquisition enhances SiteOne's distribution network and aligns with its goal to be the leading full-line distributor for landscape professionals across the U.S. and Canada. The partnership promises growth opportunities for both SiteOne and JK Enterprise's customers.

Positive

• Acquisition of JK Enterprise expands SiteOne's footprint in key markets.
• JK Enterprise is an industry leader known for excellent products and customer service.
• Strategic move aligns with SiteOne's goal to enhance its distribution network.

Negative

• None.

ROSWELL, Ga.--(BUSINESS WIRE)-- SiteOne® Landscape Supply, Inc. (NYSE: SITE) announced today its acquisition of JK Enterprise Landscape Supply, LLC (“JK Enterprise”), with seven locations in Northern Virginia (Alexandria, Centreville, Chantilly, Culpeper, Nokesville and Warrenton) and Maryland (Davidsonville). JK Enterprise supplies bulk and bagged mulches and soil, hardscapes and nursery products to professional contractors and local government entities.

“JK Enterprise is an industry leader in the Northern Virginia and Maryland markets with a reputation for providing excellent products and outstanding customer service,” said Doug Black, Chairman and CEO of SiteOne Landscape Supply. “Our partnership will expand the SiteOne Landscape Supply footprint in Northern Virginia, Washington, D.C., and Maryland, moving us closer to our goal of being the best full-line distributor to landscape professionals in all major U.S. and Canadian markets.”

“We are very excited to partner with SiteOne. We knew they would provide our associates and customers with the very best opportunities in the green industry for years to come,” said JKE Founder and CEO Jake Klitenic. “We look forward to continuing our strong history of providing quality products and services to our customers as part of the SiteOne team.”

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/20220318005319/en/

Investor Relations:

SiteOne Landscape Supply, Inc.

470-270-7011

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 is the recent acquisition announced by SiteOne Landscape Supply?

SiteOne Landscape Supply announced its acquisition of JK Enterprise Landscape Supply, which has seven locations in Northern Virginia and Maryland.

How does the acquisition of JK Enterprise benefit SiteOne?

The acquisition expands SiteOne's market presence in Northern Virginia and Maryland, enhancing its distribution network for landscaping supplies.

When was the acquisition of JK Enterprise by SiteOne disclosed?

The acquisition was announced in a press release dated March 18, 2023.

What products does JK Enterprise supply?

JK Enterprise supplies bulk and bagged mulches, soils, hardscapes, and nursery products.

What are the future plans for SiteOne after acquiring JK Enterprise?

SiteOne aims to be the top full-line distributor for landscape professionals across major U.S. and Canadian markets.