Prescott Dirt Joins SiteOne Landscape Supply

Rhea-AI Summary

SiteOne Landscape Supply (NYSE: SITE) has announced its acquisition of Prescott Dirt, a landscape supply distributor with locations in Prescott and Prescott Valley, Arizona. This move marks SiteOne's sixth acquisition in 2022, further expanding its reach in the landscape supply sector. Doug Black, Chairman and CEO, expressed excitement about the complementary capabilities of Prescott Dirt, which will enhance service offerings to customers. The acquisition aims to better serve existing clients and attract new ones in the Prescott market.

Positive

• Acquisition of Prescott Dirt expands presence in Arizona.
• Sixth acquisition in 2022, strengthening business growth.
• Enhances service offerings to existing and new customers.

Negative

• None.

ROSWELL, Ga.--(BUSINESS WIRE)-- SiteOne® Landscape Supply, Inc. (NYSE: SITE) announced today the acquisition of Prescott Dirt, a distributor of landscape supplies with two locations in Prescott and Prescott Valley, Arizona.

“We are excited to have the terrific Prescott Dirt team join the SiteOne family,” said Doug Black, Chairman and CEO of SiteOne Landscape Supply. “They have a strong company that expands our capability and complements our current hardscapes, landscape supplies, irrigation, agronomics and landscape lighting business in Arizona. Joining forces with them will allow us to reach new customers and better serve our current customers in the Prescott market area.”

“I’m thrilled to see how Prescott Dirt will continue to grow as part of the SiteOne Landscape Supply family,” said Steve Leigh, founder of Prescott Dirt. “This partnership will provide great opportunities now and into the future for the team and our valued customers.”

“We look forward to the expanded career opportunities for our employees,” said Daniel Leigh, General Manager of Prescott Dirt. “I’m also looking forward to partnering with our new colleagues at SiteOne to enhance the product and service offerings to our customers.”

This is the sixth 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/20220629005787/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 was announced in the SiteOne Landscape Supply press release?

SiteOne Landscape Supply announced the acquisition of Prescott Dirt, enhancing its landscape supply distribution in Arizona.

How many acquisitions has SiteOne made in 2022?

SiteOne has made six acquisitions in 2022.

Where is Prescott Dirt located?

Prescott Dirt has locations in Prescott and Prescott Valley, Arizona.

What is the stock symbol for SiteOne Landscape Supply?

The stock symbol for SiteOne Landscape Supply is SITE.

What benefits does SiteOne expect from the acquisition of Prescott Dirt?

SiteOne expects to enhance service offerings and reach new customers in the Prescott market area.