SiteOne Landscape Supply, a wholesale distributor of commercial and residential landscape supplies, announced terms for its IPO on Monday.
The Roswell, GA-based company plans to raise $210 million by offering 10 million shares (100% insider) at a price range of $20 to $22. At the midpoint of the proposed range, SiteOne Landscape Supply would command a fully diluted market value of $863 million.
SiteOne Landscape Supply was founded in 2001 and booked $1.5 billion in sales for the 12 months ended December 31, 2015. It plans to list on the NYSE under the symbol SITE. Deutsche Bank, Goldman Sachs, UBS Investment Bank, Barclays, Baird, RBC Capital Markets and William Blair are the joint bookrunners on the deal. It is expected to price during the week of May 9, 2016.
