SiteOne Landscape Supply went public and is trading on the New York Stock Exchange under the ticker symbol SITE. The company priced its initial public offering of 10 million shares of common stock at $21 per share on May 11, according to Reuters. The shares began trading May 12. The Wall Street Journal reports the stock rose 27 percent in its first day... read more
The two largest companies in the lawn care segment are now one, following TruGreen and Scotts LawnService’s announcement to enter into a joint venture. Combined, the companies have approximately 2.3 million customers and more than $1.3 billion in annual revenue. The combined business will operate under the TruGreen brand and will be based in Memphis, Tenn., where TruGreen’s headquarters is located.... read more
SiteOne 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... read more
John Deere Landscapes unveiled its new name and logo as SiteOne Landscape Supply. The change will become effective Oct. 19. The new brand represents the next step for SiteOne as an independent company after its acquisition by Clayton, Dubilier & Rice in December 2013. With more than 460 locations in the U.S. and Canada, SiteOne said it’s the largest wholesale... read more
ServiceMaster Co. CEO Hank Mullany has resigned and John Krenicki Jr. will serve as interim CEO until a successor is found. Krenicki joined the company earlier this year as chairman of ServiceMaster Global Holdings, the parent company of ServiceMaster, and a senior partner at the private equity firm Clayton, Dubilier & Rice (CD&R). CD&R was among the equity sponsors that... read more
