Triangle Landscape Supplies Joins Siteone Landscape Supply

Rhea-AI Summary

SiteOne Landscape Supply (NYSE: SITE) announced the successful acquisition of Triangle Landscape Supplies, a prominent distributor in the Raleigh-Durham area, known for its soil and mulch operations. This strategic move aligns with SiteOne's mission to be the leading full-line distributor for landscape professionals across the U.S. and Canada. This acquisition marks SiteOne's second in 2023, showcasing its commitment to expanding market presence and enhancing service offerings. Both SiteOne's CEO, Doug Black, and Triangle's President, Jeff Mangum, expressed enthusiasm about the merger and its potential to accelerate growth and service delivery.

Positive

• Acquisition of Triangle Landscape Supplies enhances SiteOne's market presence in Raleigh-Durham.
• This is SiteOne's second acquisition in 2023, indicating strong growth strategy.
• The merger aims to improve service offerings for customers and growth opportunities for employees.

Negative

• None.

ROSWELL, Ga.--(BUSINESS WIRE)-- SiteOne® Landscape Supply, Inc. (NYSE: SITE) announced today the company completed its acquisition of Triangle Landscape Supplies (“Triangle”), a wholesale distributor of hardscapes products and landscape supplies with four locations in the Raleigh-Durham, North Carolina market.

“Triangle Landscape Supply is a terrific fit for SiteOne with its market-leading soil and mulch operations in the Raleigh-Durham area. This combination moves us closer to our mission of being the best full-line distributor to landscape professionals in all major U.S. and Canadian markets,” said Doug Black, Chairman and CEO of SiteOne Landscape Supply.

“SiteOne is known for its superior customer service,” said Jeff Mangum, founder and President of Triangle. “We are very excited to join the SiteOne family to accelerate our growth, provide enhanced service to our valued customers, and offer greater opportunities for our dedicated associates.”

This is the second acquisition in 2023 for SiteOne as the company continues to expand the number of markets in which it offers the full range of landscape supplies and services.

About SiteOne Landscape Supply:

SiteOne Landscape Supply (NYSE: SITE), is the largest and only national full product line 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/20230329005250/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 significance of SiteOne's acquisition of Triangle Landscape Supplies?

The acquisition enhances SiteOne's presence in the Raleigh-Durham market and supports its growth strategy.

How many acquisitions has SiteOne completed in 2023?

SiteOne has completed two acquisitions in 2023.

What products does Triangle Landscape Supplies specialize in?

Triangle Landscape Supplies specializes in hardscape products and landscape supplies.

What is the stock symbol for SiteOne Landscape Supply?

The stock symbol for SiteOne Landscape Supply is SITE.