$461 Million Secondary Offering by Selling Stockholders of SiteOne Landscape Supply


Simpson Thacher recently represented the underwriters, led by Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC and UBS Securities LLC, in connection with a secondary offering by certain selling stockholders of SiteOne Landscape Supply, Inc. (NYSE: SITE) (“SiteOne”) of 11,500,000 shares of common stock (including 1,500,000 shares sold pursuant to the underwriters’ full exercise of their option to purchase additional shares) at a public offering price of $47.50 per share.

The offering raised gross proceeds of approximately $461 million.

SiteOne is the largest and only national wholesale distributor of landscape supplies in the United States and has a growing presence in Canada. Its customers are primarily residential and commercial landscape professionals who specialize in the design, installation and maintenance of lawns, gardens, golf courses and other outdoor spaces.

The Simpson Thacher team included John C. Ericson (Picture), Siobhan Lam and Steven LoCascio (Capital Markets); Larry Moss and Jennifer Pepin (Employee Benefits); Tim Mulvihill and Louise Kruger (Environmental); Jennie Getsin (FINRA/Blue Sky); Genevieve Dorment and Amber Harezlak (Intellectual Property); and Jonathan Cantor, George Davis and Brian Mendick (Tax).

Involved fees earner: John Ericson – Simpson Thacher & Bartlett; Siobhan Lam – Simpson Thacher & Bartlett; Steven LoCascio – Simpson Thacher & Bartlett; Laurence Moss – Simpson Thacher & Bartlett; Jennifer Pepin – Simpson Thacher & Bartlett; Timothy Mulvihill – Simpson Thacher & Bartlett; Louise Kruger – Simpson Thacher & Bartlett; Jennie Getsin – Simpson Thacher & Bartlett; Genevieve Dorment – Simpson Thacher & Bartlett; Amber Harezlak – Simpson Thacher & Bartlett; Jonathan Cantor – Simpson Thacher & Bartlett; George Davis – Simpson Thacher & Bartlett; Brian Mendick – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Deutsche Bank Securities; Goldman, Sachs & Co.; UBS;

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Author: Ambrogio Visconti