SiteOne's Devil Mountain Acquires Patterson Nursery Sales, Expanding West Coast Reach
SITE is trading near its 52-week low of $90.07 (12% above the low).
Summary
SiteOne's Devil Mountain subsidiary acquired Patterson Nursery Sales, a wholesale nursery, adding to its West Coast footprint. The deal follows SiteOne's recent buyout of the remaining 25% of Devil Mountain, signaling continued acquisition-driven growth. Terms were not disclosed, but the move strengthens SiteOne's nursery supply chain in a key region. The acquisition aligns with the company's strategy of bolt-on deals to expand market presence.
At the time of this announcement, SITE was trading at $101.25 on NYSE in the Trade & Services sector, with a market capitalization of approximately $4.4B. The 52-week trading range was $90.07 to $168.56. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.