SiteOne files for $100 million IPO

August 19, 2015 -  By

SiteOne_webSiteOne Landscape Supply, formerly John Deere Landscapes, filed for a $100 million initial public stock offering on Aug. 18, the Atlanta Business Chronicle reports. The Roswell, Ga.-based distributor is majority owned by private equity firm Clayton Dubilier & Rice.

SiteOne generated sales of $1.2 billion in 2014, according to its IPO filing with the Securities & Exchange Commission.

SiteOne’s total debt is $190 million from debt financing incurred in connection with the Clayton Dubilier & Rice acquisition. Proceeds from the IPO will be used to repay debt and make payments to Clayton Dubilier & Rice and John Deere.

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