SiteOne acquires Autumn Ridge Stone & Landscape Supply in Michigan

Published 24/09/2025, 14:22
SiteOne acquires Autumn Ridge Stone & Landscape Supply in Michigan

ROSWELL, Ga. - SiteOne Landscape Supply, Inc. (NYSE:SITE) announced Wednesday it has acquired Autumn Ridge Stone & Landscape Supply, a wholesale distributor of hardscapes products and landscape supplies with one location in Holland, Michigan.

The acquisition establishes SiteOne’s presence in the Western Michigan market and expands its hardscapes offerings in the region. This marks the company’s fifth acquisition in 2025 as it continues to grow its national footprint. According to InvestingPro data, the company maintains a healthy financial position with a current ratio of 2.41 and operates with moderate debt levels, supporting its acquisition strategy.

"The addition of Autumn Ridge Stone & Landscape Supply establishes a solid footprint to expand our offerings to customers in the Western Michigan market," said Doug Black, Chairman and CEO of SiteOne.

Greg Leegwater, founder of Autumn Ridge, stated: "With SiteOne’s extensive products, services and resources, Autumn Ridge will be able to deliver greater value to our customers while creating new opportunities for our employees to grow and succeed."

SiteOne Landscape Supply describes itself as the largest and only full product line national wholesale distributor of landscape supplies in the United States, with an established presence in Canada. The company primarily serves residential and commercial landscape professionals specializing in design, installation and maintenance of outdoor spaces. InvestingPro analysis shows the company trading near its Fair Value, with multiple additional insights available in the comprehensive Pro Research Report, which provides deep-dive analysis of what really matters for investors.

Financial terms of the acquisition were not disclosed in the company’s press release statement.

In other recent news, SiteOne Landscape Supply reported its Q2 2025 earnings, which showed a slight miss in earnings per share (EPS) expectations. The company posted an EPS of $2.86, falling short of the projected $2.98. Despite this, SiteOne experienced an increase in net sales, demonstrating resilience in its financial performance. Stifel has raised its price target for SiteOne to $140 from $120, maintaining a Hold rating. This adjustment reflects increased confidence in the company’s margin profile, with analysts now estimating FY25 EBITDA of $416 million, up from a previous estimate of $401 million. Additionally, SiteOne announced a CFO succession plan, with Eric Elema set to succeed John Guthrie as Executive Vice President and Chief Financial Officer in January 2026. Guthrie will remain with the company as a senior advisor to CEO Doug Black after his retirement at the end of 2025. These developments highlight the company’s ongoing strategic initiatives and leadership transitions.

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