Kaknes Landscape Supply Joins SiteOne Landscape Supply

Rhea-AI Summary

SiteOne Landscape Supply (NYSE: SITE) has announced the completion of its acquisition of Kaknes Landscape Supply, a wholesale distributor based in Naperville, Illinois. This acquisition marks SiteOne's 13th acquisition in 2022, significantly enhancing its presence in the Chicago market. The move aims to solidify SiteOne's status as a market leader in nursery products and expand its customer service capabilities. Both companies express enthusiasm about the partnership, emphasizing a shared commitment to quality and customer satisfaction.

Positive

• Expansion of SiteOne's nursery presence in the Chicago market.
• 13th acquisition in 2022, indicating aggressive growth strategy.
• Enhancement of customer service capabilities due to the acquisition.

Negative

• None.

ROSWELL, Ga.--(BUSINESS WIRE)-- SiteOne® Landscape Supply, Inc. (NYSE: SITE) announced today the company completed its acquisition of Kaknes Landscape Supply (“Kaknes”), a wholesale distributor of nursery products with one location in Naperville, Illinois, a suburb west of Chicago.

“Since 1989, Kaknes has built a strong reputation for outstanding customer service, excellent quality nursery material, and longstanding relationships with nursery growers,” said Doug Black, Chairman and CEO of SiteOne Landscape Supply. “The addition of Kaknes expands our nursery presence in the Chicago market area and establishes SiteOne as a market leader. We are excited to welcome the Kaknes team to our family and continue providing a superb experience to our combined customers.”

“Our team is thrilled to join the SiteOne family,” said Dave Kaknes, Founder and Operating Partner. “The shared commitment to customers, suppliers, and associates will further strengthen the Kaknes reputation as the premier nursery distributor in our area.”

This is the 13^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/20220907005026/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, Inc.

FAQ

What recent acquisition did SiteOne Landscape Supply complete?

SiteOne Landscape Supply completed its acquisition of Kaknes Landscape Supply, a wholesale distributor in Naperville, Illinois.

How many acquisitions has SiteOne made in 2022?

SiteOne has made 13 acquisitions in 2022.

Where is Kaknes Landscape Supply located?

Kaknes Landscape Supply is located in Naperville, Illinois, a suburb west of Chicago.

What does the acquisition of Kaknes mean for SiteOne?

The acquisition enhances SiteOne's nursery presence in the Chicago area and strengthens its market leadership.