SiteOne Prepares for IPO

SiteOne Landscape Supply filed a Form S-1 with the Securities and Exchange Commission (SEC) regarding its initial public offering (IPO). There were no terms given in the filing however the offering is valued up to $100 million but this number tends to be a placeholder most times. The company has not decided which index to list its stock on but it plans to list under the symbol SITE.

The underwriters for the offering are Deutsche Bank, Goldman Sachs, and UBS Investment Bank.
This company is a national wholesale distributor of landscape supplies in the U.S. and it has a growing presence in Canada. 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 its North American network of 471 branch locations in 44 states and five provinces, the company offers a comprehensive selection of more than 90,000 items including irrigation supplies, fertilizer and control products, landscape accessories, nursery goods, hardscapes, outdoor lighting and ice melt products. SiteOne also provides complementary, value-added consultative services to support its product offering and to help customers operate and grow their businesses.

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