An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
SiteOne Landscape Supply, Inc. (NYSE: SITE) has acquired a majority stake in Devil Mountain Wholesale Nursery, , the largest distributor of landscape trees and plants in California. This strategic move allows SiteOne to expand its product line and geographic reach in the Western US, solidifying its position as a leader in the landscape supply industry. The acquisition marks SiteOne's commitment to growth and customer satisfaction, further enhancing its portfolio and market presence.
SiteOne Landscape Supply, Inc. (NYSE: SITE) ha acquisito una partecipazione di maggioranza in Devil Mountain Wholesale Nursery, il pi霉 grande distributore di alberi e piante per il paesaggismo in California. Questa mossa strategica permette a SiteOne di ampliare la propria gamma di prodotti e la portata geografica nel Western US, consolidando la sua posizione di leader nel settore dei fornitori per il paesaggismo. L'acquisizione conferma l'impegno di SiteOne verso la crescita e la soddisfazione del cliente, potenziando ulteriormente il suo portafoglio e la presenza sul mercato.
SiteOne Landscape Supply, Inc. (NYSE: SITE) ha adquirido una participaci贸n mayoritaria en Devil Mountain Wholesale Nursery, el mayor distribuidor de 谩rboles y plantas de paisaje en California. Esta movida estrat茅gica permite a SiteOne expandir su l铆nea de productos y su alcance geogr谩fico en el Oeste de los Estados Unidos, consolidando su posici贸n como l铆der en la industria de suministros de paisajismo. La adquisici贸n subraya el compromiso de SiteOne con el crecimiento y la satisfacci贸n del cliente, mejorando a煤n m谩s su portfolio y presencia en el mercado.
SiteOne Landscape Supply, Inc. (NYSE: SITE) a acquis une participation majoritaire dans Devil Mountain Wholesale Nursery, le plus grand distributeur d'arbres et de plantes paysagers en Californie. Ce mouvement strat茅gique permet 脿 SiteOne d'茅tendre sa gamme de produits et sa port茅e g茅ographique dans l'ouest des 脡tats-Unis, consolidant sa position de leader dans l'industrie de fourniture de paysage. L'acquisition souligne l'engagement de SiteOne envers la croissance et la satisfaction des clients, renfor莽ant davantage son portefeuille et sa pr茅sence sur le march茅.
SiteOne Landscape Supply, Inc. (NYSE: SITE) hat die Mehrheitsbeteiligung an Devil Mountain Wholesale Nursery erworben, dem gr枚脽ten Distributor von Landschaftsb盲umen und -pflanzen in Kalifornien. Dieser strategische Schritt erm枚glicht es SiteOne, sein Produktsortiment und seine geografische Reichweite im Westen der USA zu erweitern und seine Position als Marktf眉hrer in der Landschaftsbaubranche zu festigen. Die 脺bernahme unterstreicht das Engagement von SiteOne f眉r Wachstum und Kundenzufriedenheit und st盲rkt weiterhin sein Portfolio und seine Marktposition.
Positive
Strategic acquisition of Devil Mountain Wholesale Nursery, strengthens SiteOne's position in the landscape supply industry
Expansion of product line and geographic reach in California and the Western US
Opportunity for future full ownership of Devil Mountain to enhance SiteOne's nursery capability
Strong leadership continuity with Drew McMillan remaining as President of Devil Mountain
Complementing Devil Mountain's full range of nursery products with SiteOne's landscape supplies for customers' one-stop shopping convenience
Negative
None.
Insights
SiteOne Landscape Supply's acquisition of a majority stake in Devil Mountain Wholesale Nursery marks a strategic expansion in the landscape supply sector. This move allows SiteOne to leverage Devil Mountain's extensive distribution network in California, providing a robust platform for growth in the Western US. From a market perspective, investors should note the potential for increased market share and customer base expansion. The move aligns with SiteOne's business model of being a full product line supplier, enhancing their offerings, particularly in the nursery segment. With Devil Mountain's strong presence and SiteOne's national reach, the synergy may lead to operational efficiencies and cost savings over time. As SiteOne has an option to purchase the remaining stake in the future, this could lead to full integration, further solidifying their market position.
The financial implications of SiteOne's acquisition are multifaceted. First, the accretive nature of this transaction could positively impact earnings per share in the medium to long term, assuming integration synergies are fully realized. Moreover, this acquisition should be examined in the context of SiteOne's capital allocation strategy. The option to purchase the remaining interest suggests a staged investment approach, potentially mitigating upfront cash outflow and providing a hedge against integration risks. Investors should watch for changes in SiteOne's financial metrics, such as return on invested capital, in subsequent quarters as a measure of the acquisition's success. It will also be important to assess how this acquisition impacts SiteOne's leverage and cash flow, given the capital-intensive nature of the landscape supply industry.
ROSWELL, Ga.--(BUSINESS WIRE)--
SiteOne Landscape Supply, Inc. (NYSE: SITE) announced today the company has purchased a majority stake in Devil Mountain Wholesale Nursery, LLC (鈥淒evil Mountain鈥�), joining forces with minority owner and CEO Drew McMillan.
Devil Mountain is the largest wholesale distributor of landscape trees and plants in California, with eight wholesale nursery distribution branches and six growing facilities across the state. The transaction includes the option for SiteOne to purchase the remaining interest in Devil Mountain in future years. Drew McMillan will continue to lead Devil Mountain as its President.
鈥淪ince Pat Murphy founded Devil Mountain in San Ramon in 1995, he and later Drew have built an outstanding team, network of facilities and reputation as the California market leader in nursery wholesale distribution,鈥� said Doug Black, Chairman and CEO of SiteOne Landscape Supply. 鈥淒evil Mountain鈥檚 ability to deliver the full range of high-quality nursery products to contractors and projects of all sizes completes our full product line offering for our customers in California and provides us with a terrific platform for Nursery growth in the Western US. We are very excited to welcome Pat, Drew and the talented Devil Mountain team to the SiteOne family and look forward to working together to build our Nursery capability further throughout the western region.鈥�
鈥淒evil Mountain has always sought to be a one stop shop for our customers鈥� plant and tree needs. SiteOne is the perfect partner to expand our geographic reach and product offerings, while offering excellent long-term growth opportunities for our associates,鈥� said Drew McMillan, CEO of Devil Mountain Wholesale Nursery.
This is the second acquisition in 2024 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 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.
About Devil Mountain Wholesale Nursery:
Devil Mountain Wholesale Nursery is the largest distributor of landscape trees and plants in California, focusing on sales to landscape professionals. Devil Mountain maintains best in class nurseries, conducts a robust brokerage service, and operates six growing facilities for premium trees and plants, including the popular Swan Hill Olives庐 non-fruiting olive tree. Since 1995, Devil Mountain has been a single source nursery providing trees and plants to commercial and residential landscape companies, landscape architects, municipalities, and major end users. For more information, visit
What is the latest acquisition announced by SiteOne Landscape Supply, Inc. in 2024?
SiteOne has acquired a majority stake in Devil Mountain Wholesale Nursery, , the largest distributor of landscape trees and plants in California.
Who is the CEO of Devil Mountain Wholesale Nursery?
Drew McMillan is the CEO of Devil Mountain Wholesale Nursery.
What is the specialty of Devil Mountain Wholesale Nursery?
Devil Mountain focuses on sales to landscape professionals, providing best in class nurseries and premium trees and plants.
What is SiteOne Landscape Supply's stock symbol?
SiteOne Landscape Supply's stock symbol is SITE.
What is SiteOne Landscape Supply's primary focus?
SiteOne Landscape Supply is the largest national distributor of landscape supplies in the US, serving residential and commercial landscape professionals.
