M&A Deal Summary

CD&R Acquires SiteOne Landscape Supply

On October 28, 2013, private equity firm CD&R acquired distribution company SiteOne Landscape Supply from Deere for 465M USD

Acquisition Highlights
  • This is CD&R’s 8th transaction in the Distribution sector.
  • This is CD&R’s 31st largest (disclosed) transaction.
  • This is CD&R’s 25th transaction in the United States.
  • This is CD&R’s 2nd transaction in Georgia.
Investment Fate
  • SiteOne Landscape Supply went public in 2017.

M&A Deal Summary

Date 2013-10-28
Target SiteOne Landscape Supply
Sector Distribution
Buyer(s) CD&R
Sellers(s) Deere
Deal Type Divestiture
Deal Value 465M USD
Advisor(s) Paul Hastings (Legal)

Target

SiteOne Landscape Supply

Roswell, Georgia, United States
SiteOne Landscape Supply is a distributor of wholesale irrigation, landscape lighting, nursery, hardscapes, maintenance products and supplies for the green industry. SiteOne Landscape Supply was founded in 2001 and is based in Roswell, Georgia.

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Buyer(S) 1

Buyer

CD&R

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1978
PE ASSETS 30.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Clayton, Dubilier & Rice LLC (CD&R) is a large private equity firm that targets non-core divestitures of large corporations, growth equity financings, traditional buyouts, and corporate/family partnerships. CD&R looks for opportunities in North America, Western Europe, and Asia and will consider businesses in a wide range of sectors including consumer/retail, healthcare, industrials, and services. Prospective companies generally lead their respective markets, have stable cash flows, and possess competitive advantages through differentiated products, services, or processes. CD&R was formed in 1978 and has offices in New York City and London.


DEAL STATS #
Overall 33 of 93
Sector (Distribution) 8 of 17
Type (Divestiture) 14 of 25
State (Georgia) 2 of 7
Country (United States) 25 of 67
Year (2013) 2 of 5
Size (of disclosed) 31 of 35
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-14 Envision Healthcare

Nashville, Tennessee, United States

Envision Healthcare is a provider of physician-led services and post-acute care, and ambulatory surgery services. Envision Healthcare was founded in 1992 and is based in Nashville, Tennessee.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-26 BrandSafway

Atlanta, Georgia, United States

BrandSafway is a provider of specialized services to the global energy, industrial, and infrastructure markets. Its range of service offerings includes work access, corrosion management, atmospheric and immersion coatings, insulation services, fireproofing and refractory, mechanical services, forming and shoring, and other complementary specialty services. Brand delivers its services through a network of more than 370 branches on six continents, with a focus on the major hydrocarbon and power generation markets globally. BrandSafway was founded in 1919 and is based in Atlanta, Georgia.

Buy -

Seller(S) 1

SELLER

Deere

Moline, Illinois, United States

Category Company
Founded 1837
Sector Machinery
Employees83,000
Revenue 60.2B USD (2023)
DESCRIPTION
Deere's corporate headquarters in Moline, Illinois.
Deere's corporate headquarters in Moline, Illinois.

Deere & Company is a producer of machinery and operates in three segments. The agriculture and turf segment primarily manufactures and distributes a full line of agriculture and turf equipment and related service parts. The construction and forestry segment primarily manufactures and distributes a broad range of machines and service parts used in construction, earthmoving, material handling, and timber harvesting. The products and services produced by the segments above are marketed primarily through independent retail dealer networks and major retail outlets. Finally, the financial services segment provides financing for new and used Deere equipment. Deere was founded in 1837 and is based in Moline, Illinois.


DEAL STATS #
Overall 2 of 4
Sector (Distribution) 1 of 1
Type (Divestiture) 2 of 4
State (Georgia) 2 of 2
Country (United States) 2 of 3
Year (2013) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-04 Bauer Built Manufacturing

Paton, Iowa, United States

Bauer Built Mfg manufactures The World's Largest Planters in Paton, Iowa, in partnership with John Deere, and sells them domestically and through exports.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-04 Auteq Telemática SA

Sao Paulo, Brazil

Auteq Telemática is an onboard software and computer company located in Sao Paulo, Brazil.

Buy -