SiteOne Acquires $110M Reinders, Posts 14% EBITDA Gain and Sets $425M–$455M Guidance
SiteOne completed acquisition of Reinders, a $110 million revenue irrigation leader, enhancing Midwest footprint with significant synergy potential. The company delivered 14% adjusted EBITDA growth driven by 90 basis points of gross margin expansion and set full-year 2026 EBITDA guidance at $425 million–$455 million.
1. Acquisition Expands Midwest Irrigation Footprint
SiteOne acquired Reinders, a market-leading irrigation and agronomics supplier with $110 million in annual revenue, aiming to leverage distribution synergies and cross-selling opportunities to strengthen its Midwest presence.
2. Operational Efficiency and Branch Turnaround
Efficiency gains in delivery operations and the ongoing turnaround of focus branches enabled SiteOne to maintain flat base business SG&A on an adjusted basis despite seasonal timing shifts and cost pressures.
3. Margin Improvement and EBITDA Growth
Commercial initiatives drove a 40% sales increase in private label lines and deeper penetration with small customers, contributing to 90 basis points of gross margin expansion and 14% adjusted EBITDA growth even as net sales remained flat.
4. Guidance, Pricing and Demand Outlook
SiteOne set 2026 adjusted EBITDA guidance at $425 million–$455 million, factoring in a $4 million–$5 million headwind from an extra week, raised pricing expectations to 2%–3% growth, and anticipates modest end market demand declines in new construction.