Dig this: SiteOne Landscape Supply files for a $100 million IPO

SiteOne Landscape Supply, a wholesale distributor of commercial and residential landscape supplies, filed on Tuesday with the SEC to raise up to $100 million in an initial public offering. 
The company was established when Deere & Company (NYSE: DE) entered the market for wholesale landscape distribution. CD&R acquired a majority stake in the company at the end of 2013.
The Roswell, GA-based company, which was founded in 2001 and booked $1.3 billion in sales for the 12 months ended June 30, 2015, plans to list under the symbol SITE. Deutsche Bank, Goldman Sachs and UBS Investment Bank are the joint bookrunners on the deal. No pricing terms were disclosed. Read More Bankia To Sell 13-Bln Euro Bad Loan.

(Prepared by Renaissance Capital's research analysts)

 

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