Stone Plus Joins SiteOne Landscape Supply

Rhea-AI Summary

SiteOne Landscape Supply (NYSE: SITE) has completed its acquisition of Stone Plus, LLC, a Florida-based wholesale distributor of landscape supplies. This acquisition, the 12th for SiteOne in 2022, enhances its leadership in hardscapes and bulk landscape materials in Northeast Florida. CEO Doug Black expressed enthusiasm for the merger, noting the value it brings to customers and the expanded market presence. Stone Plus founder Bob Supina emphasized their commitment to delivering exceptional service as part of the SiteOne family.

Positive

• Expansion of market presence in Northeast Florida through the acquisition of Stone Plus.
• Strengthening SiteOne's leadership in hardscapes and bulk landscape materials.
• The acquisition marks SiteOne's 12th acquisition in 2022, indicating aggressive growth strategy.

Negative

• None.

ROSWELL, Ga.--(BUSINESS WIRE)-- SiteOne® Landscape Supply, Inc. (NYSE: SITE) announced today that the company completed its acquisition of Stone Plus, LLC (“Stone Plus”), a wholesale distributor of landscape supplies and hardscapes with three locations in Northeast Florida.

“Since 1993, Stone Plus has earned its reputation of delivering exceptional products and service to customers throughout Northeast Florida,” said Doug Black, Chairman and CEO of SiteOne Landscape Supply. “We are thrilled to have them join our team, making us a leader in this market for hardscapes and bulk landscape materials, complementing our leadership in irrigation, agronomics, and landscape lighting. We welcome them to our family and look forward to working together to deliver tremendous value to our combined customers.”

“We are eager to join the SiteOne family, a move we believe reaffirms our commitment to delivering a consistent, world-class experience to our customers and providing ongoing opportunities for our associates,” said Bob Supina, the founder and current co-owner of Stone Plus.

This is the 12^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/20220901005021/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 announce?

SiteOne Landscape Supply announced the acquisition of Stone Plus, LLC, a wholesale distributor in Northeast Florida.

How many acquisitions has SiteOne completed in 2022?

SiteOne has completed 12 acquisitions in 2022.

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

The acquisition enhances SiteOne's leadership in hardscapes and expands its market presence in Northeast Florida.