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SITE Strengthens Its Michigan Presence With Autumn Ridge Acquisition
ZACKS· 2025-10-01 15:21
Core Insights - SiteOne Landscape Supply, Inc. (SITE) has acquired Autumn Ridge Stone & Landscape Supply, enhancing its market position in Western Michigan [1][9] - This acquisition is part of SITE's strategy to expand its market presence and product offerings, marking its fifth acquisition in 2025 [2][9] Company Expansion - Autumn Ridge operates from Holland, MI, and will benefit from SITE's extensive resources and product range, while contributing its hardscape expertise [2][9] - SITE's recent acquisitions also include Nashville Nursery and Landscape Supply and Grove Nursery, aimed at strengthening its nursery presence and expanding product offerings [3] Financial Performance - In Q2 2025, SITE reported an adjusted EPS of $2.86, slightly below the Zacks Consensus Estimate of $2.89, with revenues of $1.46 billion, reflecting a 3.4% year-over-year increase [4] - Comparatively, peers in the Industrial Services industry, such as ScanSource, Inc. and MSC Industrial Direct Company, reported varying earnings and revenue performances, indicating a competitive landscape [5][7][8]
Autumn Ridge Stone & Landscape Supply Joins SiteOne Landscape Supply
Businesswire· 2025-09-24 13:06
Core Insights - SiteOne Landscape Supply, Inc. has acquired Autumn Ridge Stone & Landscape Supply, enhancing its presence in the Western Michigan market [1][2] - This acquisition marks SiteOne's fifth acquisition in 2025, indicating a strategic expansion of its market reach and service offerings [2] Company Overview - SiteOne Landscape Supply, Inc. is the largest national wholesale distributor of landscape supplies in the United States, with a significant presence in Canada [3] - The company primarily serves residential and commercial landscape professionals involved in the design, installation, and maintenance of outdoor spaces [3] Recent Developments - The acquisition of Autumn Ridge is expected to provide greater value to customers and create new growth opportunities for employees [2] - SiteOne continues to report solid financial performance, with a 3% growth in net sales and an 8% increase in adjusted EBITDA for the second quarter of 2025, despite challenging market conditions [7]