SiteOne Landscape Supply, the largest national wholesale distributor of landscape supplies, announced the completion of its acquisition of Bourget Flagstone Co., a division of Bourget Bros. Building Materials that operates a wholesale hard‑scape distribution facility in Santa Monica, California.
The deal extends SiteOne’s footprint into the high‑profile Santa Monica, Malibu, and Pacific Palisades markets, giving the company a strategically located site that will broaden its product mix for professional landscaping customers in the region. Doug Black, SiteOne’s Chairman and CEO, said the acquisition “establishes our presence in Santa Monica and the surrounding markets, and provides a strategically located site to expand our product offerings to better serve our combined customers.”
SiteOne’s recent financial results underscore the company’s capacity to pursue such growth. In the third quarter of 2025, the company reported earnings per share of $1.31, beating analyst expectations of $1.28, and revenue of $1.26 billion, in line with forecasts. Full‑year 2024 net sales rose 6% to $4.54 billion, with a net income of $123.6 million. The company also announced that Eric Elema will assume the role of Chief Financial Officer effective January 1, 2026, succeeding John Guthrie.
Analysts have responded to the acquisition and SiteOne’s recent performance. Bank of America Securities initiated coverage of the company with a “Buy” rating, while Barclays upgraded SiteOne from “Underweight” to “Equal Weight.” The moves reflect confidence in SiteOne’s market leadership and its ability to generate earnings growth through strategic acquisitions.
The acquisition adds a well‑established hard‑scape distribution operation to SiteOne’s portfolio, expanding its product offerings and geographic reach. The Santa Monica facility will serve the growing demand for high‑quality hard‑scape materials in the region’s residential and commercial landscaping projects. The deal also positions SiteOne to leverage its national distribution network to drive cross‑sell opportunities and operational efficiencies across the combined business.
With the acquisition completed and the CFO transition underway, SiteOne is poised to continue its aggressive expansion strategy while maintaining strong financial performance. The company’s ability to execute on acquisitions, coupled with its robust earnings track record, signals a continued focus on delivering value to professional landscaping customers across the United States.
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