Capstone Holding Corp. announced on August 18, 2025, that it has signed a definitive agreement to acquire Carolina Stone Products. This agreement solidifies the previously announced letter of intent and marks a significant step in Capstone's acquisition strategy. The closing of the transaction is targeted by August 22, 2025, subject to customary conditions.
The acquisition is expected to be immediately accretive to both revenue and EBITDA, aligning with Capstone's disciplined approach to M&A. This deal will add premium brands to Capstone's portfolio and expand its footprint into North Carolina, a key part of its Southeast expansion strategy. The company's Form 8-K filed today provides additional details.
Capstone also noted that its acquisition pipeline remains active, targeting valuations in the 4-6x EBITDA range, often including 20-45% non-cash consideration. This definitive agreement is a very bullish development for investors, demonstrating concrete execution of Capstone's growth strategy and its commitment to consolidating the building products distribution market.
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