SiteOne Landscape Supply Priced, NYSE: SITE

National distributor of commercial and residential landscape supplies.

Industry: Consumer Discretionary

Latest Trade: $56.33 0.00 (0.0%)

First Day Return: +27.0%

Return from IPO: +168.2%

Industry: Consumer Discretionary

We are the largest and only national wholesale distributor of landscape supplies in the United States and have a growing presence in Canada. Our 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. Through our expansive North American network of 477 branch locations in 44 states and five provinces, we offer a comprehensive selection of more than 100,000 stock keeping units, or SKUs, including irrigation supplies, fertilizer and control products (herbicides), landscape accessories, nursery goods, hardscapes (including pavers, natural stones and blocks), outdoor lighting and ice melt products. We also provide complementary, value-added consultative services to support our product offering and to help our customers operate and grow their businesses. Based on our net sales for the period ended January 3, 2016, or the 2015 Fiscal Year, we estimate that we are approximately four times the size of our largest competitor and larger than the next two through ten competitors combined. We believe, based on management’s estimates, that we have either the number one or number two local market position in nearly 80% of metropolitan statistical areas where we have one or more branches. Our market leadership, coast-to-coast presence, broad product selection and extensive technical expertise provide us with significant competitive advantages and create a compelling value proposition for both our customers and suppliers.
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IPO News for SiteOne Landscape Supply
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IPO Data
IPO File Date 08/18/2015
Offer Price $21.00
Price Range $20.00 - $22.00
Offer Shares (mm) 10.0
Deal Size ($mm) $210
IPO Data
IPO Date 05/11/2016
Offer Price $21.00
Price Range $20.00 - $22.00
Offer Shares (mm) 10.0
Deal Size ($mm) $210
Underwriters
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Company Data
Headquarters Roswell, GA
Founded 2001
Employees 2,850
Website www.siteone.com