Acquisitions boost SiteOne, sales outlook remains down slightly
At the end of July, SiteOne Landscape Supply shared its financial reporting from Q2 2025, stating its net sales increased 3% to $1,461.6 million, while organic daily sales were flat. The company said this reflects solid growth in the maintenance end market, offset by softer demand in the new residential construction and repair and upgrade end markets. Acquired sales were $40.9 million, contributing 3% to the overall growth rate. SiteOne reported its gross profit increased 4% to $531.4 million.
Outlook
- End market demand expected to be down slightly with solid maintenance growth more than offset by softness in new residential construction and repair and upgrade
- Pricing expected to be flat in Q3 and up 1% to 2% in Q4 with ongoing grass seed and PVC pipe deflation offset by other product price increases
- Key commercial and operational initiatives expected to support market share gains and low single digit organic daily sales growth
- Actions taken in 2024, ongoing tight SG&A management, and focus branch improvement yielding improved leverage
Acquisitions
July 25, SiteOne announced today its acquisition of Grove Nursery, a wholesale distributor of nursery products with one location in northwest Minneapolis, Minnesota.
“The addition of Grove Nursery expands our product offering in Minneapolis and its surrounding suburbs and provides a platform to expand our presence in this growing market,” said Doug Black, chairman and CEO of SiteOne.
“Joining SiteOne marks a new and exciting chapter for our company. Their extensive network, track record of successful growth, and breadth of resources—ranging from advanced customer service tools to enterprise systems—will enable us to expand and enhance the value we deliver to our customers,” said George Ritten, president of Grove Nursery.
July 29, SiteOne announced its acquisition of Nashville Nursery and Landscape Supply, a wholesale distributor of nursery products with one location in Nashville, Tennessee.
“Nashville Nursery is a tremendous addition to the SiteOne family that strengthens our nursery presence and establishes a strategic location to better serve our combined customers in the rapidly growing Nashville market,” said Doug Black, Chairman and CEO of SiteOne.
This is the third and fourth acquisition in 2025 for SiteOne as the company continues to expand the number of markets in which it offers a full range of landscape supplies and services to landscape professionals. It has made 57 total acquisitions since 2020.
