SiteOne Landscape Supply (SITE) Files $100M Common Stock IPO

SiteOne Landscape Supply, Inc., filed a registration with the U.S. SEC for an IPO of its Common Stock. The proposed maximum offering price is $100 million. The company plans to list under the ticker "SITE."

Underwriters on the offering are Deutsche Bank Securities, Goldman, Sachs & Co., and UBS Investment Bank.

Financial statement: "Over the past 18 months, we have completed seven acquisitions, and we intend to pursue additional acquisitions to complement our organic growth and achieve our strategic objectives. Our organic and acquisition-driven growth strategies have led to significant increases in net sales and Adjusted EBITDA. For our 2014 Fiscal Year, we generated net sales of $1.2 billion and Adjusted EBITDA of $87.6 million, compared to net sales and Adjusted EBITDA of $1.1 billion and $67.6 million, respectively, for the 2013 Predecessor Period and 2013 Successor Period. For the fiscal six months ended June 28, 2015, we generated net sales of $707.3 million and Adjusted EBITDA of $60.8 million, compared to net sales of $600.9 million and Adjusted EBITDA of $51.4 million for the fiscal six months ended June 29, 2014."

SiteOne is the largest and only national wholesale distributor of landscape supplies in the United States and have a growing presence in Canada.

You May Also Be Interested In

• Business First Bancshares Inc. (BFST) to acquire Oakwood Bancshares
• Masonite (DOOR) Shareholders Approve Transaction with Owens Corning (OC)
• Rubrik (RBRK) Prices Upsized 23.5M Share IPO at $32/sh