Madison Block & Stone Joins SiteOne Landscape Supply

Rhea-AI Summary

SiteOne Landscape Supply (NYSE: SITE) has successfully acquired Madison Block & Stone, a Wisconsin-based wholesale distributor of landscape supplies. This acquisition, the 14th in 2022, positions SiteOne as the leader in hardscapes within the Madison market. Madison Block & Stone offers an extensive selection of natural stone products and possesses a skilled workforce. The integration aims to enhance the customer experience and expand market reach. The company continues to solidify its status as the largest national distributor of landscape supplies in the U.S.

Positive

• Acquisition of Madison Block & Stone strengthens SiteOne's market position in Madison.
• This is the 14th acquisition in 2022, indicating strong growth and expansion efforts.
• Madison Block & Stone boasts the largest selection of natural stone products in the area.

Negative

• None.

ROSWELL, Ga.--(BUSINESS WIRE)-- SiteOne® Landscape Supply, Inc. (NYSE: SITE) announced today the company completed its acquisition of Madison Block & Stone, a wholesale distributor of natural stone, pavers, bulk materials, and landscape supplies with one location in Madison, Wisconsin.

“The addition of Madison Block & Stone establishes SiteOne as the hardscapes leader in the Madison market,” said Doug Black, Chairman and CEO of SiteOne Landscape Supply. “Madison Block & Stone has the largest selection of natural stone products in the area and a talented and dedicated team of associates. We are excited to welcome them to the SiteOne family and continue providing exceptional products and service to our combined customers.”

“We are truly excited to join the SiteOne family and expand the opportunities for our associates and customers. SiteOne was the right choice for us because we share the same passion for delivering an outstanding customer experience,” said Jayme Anderson, owner of Madison Block & Stone.

This is the 14^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/20221017005136/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 is the significance of SiteOne's acquisition of Madison Block & Stone?

The acquisition enhances SiteOne's market leadership in hardscapes within Madison, Wisconsin, and expands its customer offerings.

How many acquisitions has SiteOne completed in 2022?

SiteOne has completed 14 acquisitions in 2022, demonstrating its aggressive growth strategy.

What does Madison Block & Stone specialize in?

Madison Block & Stone specializes in natural stone, pavers, bulk materials, and landscape supplies.

How will the acquisition affect SiteOne's customers?

The acquisition aims to enhance customer experience by providing a broader selection of products and improved service.

Where is Madison Block & Stone located?

Madison Block & Stone is located in Madison, Wisconsin.