Capstone adds $11 Million in Revenue with Carolina Stone Acquisition - Drives Immediate Accretion and Southeast Expansion
Capstone Holding Corp. (NASDAQ:CAPS) has completed its acquisition of Carolina Stone Products ahead of schedule for $3.9-$4.7 million, representing a 4.7脳-5.2脳 EBITDA multiple. The acquisition adds $11 million in revenue and approximately $0.75 million in EBITDA to Capstone's portfolio.
The strategic acquisition strengthens Capstone's Southeast presence and premium brand portfolio, positioning the company for a $100 million revenue run-rate entering 2026. The deal aligns with Capstone's disciplined M&A strategy targeting 4-6脳 EBITDA multiples with 20-45% non-cash consideration.
The company's recent acquisitions have shown positive results, with Q2 gross margins increasing to 24.4% from 21.4% year-over-year. Capstone expects to close at least one more acquisition by year-end 2025.
Capstone Holding Corp. (NASDAQ:CAPS) ha completato in anticipo l'acquisizione di Carolina Stone Products per un importo compreso tra $3,9 e $4,7 milioni, equivalenti a un multiplo EBITDA di 4,7脳-5,2脳. L'operazione aggiunge al portafoglio di Capstone $11 milioni di ricavi e circa $0,75 milioni di EBITDA.
Questa acquisizione strategica rafforza la presenza di Capstone nel Sudest e il suo portafoglio di marchi premium, posizionando la societ脿 verso un run-rate di ricavi di $100 milioni all'ingresso del 2026. L'accordo 猫 coerente con la strategia di M&A disciplinata di Capstone, che mira a multipli EBITDA di 4-6脳 con una componente non monetaria del 20-45%.
Le acquisizioni recenti della societ脿 hanno dato segnali positivi: i margini lordi del Q2 sono saliti al 24,4% dal 21,4% su base annua. Capstone prevede di chiudere almeno un'altra acquisizione entro la fine del 2025.
Capstone Holding Corp. (NASDAQ:CAPS) ha completado antes de lo previsto la compra de Carolina Stone Products por $3,9-$4,7 millones, equivalentes a un m煤ltiplo EBITDA de 4,7脳-5,2脳. La adquisici贸n suma $11 millones en ingresos y aproximadamente $0,75 millones en EBITDA a la cartera de Capstone.
Esta operaci贸n estrat茅gica fortalece la presencia de Capstone en el Sureste y su cartera de marcas premium, posicionando a la compa帽铆a hacia un run-rate de ingresos de $100 millones al inicio de 2026. El acuerdo est谩 alineado con la rigurosa estrategia de M&A de Capstone, que busca m煤ltiplos EBITDA de 4-6脳 con un 20-45% de contraprestaci贸n no dineraria.
Las adquisiciones recientes de la compa帽铆a han mostrado resultados positivos, con m谩rgenes brutos en el Q2 aumentando al 24,4% desde el 21,4% interanual. Capstone espera cerrar al menos una adquisici贸n m谩s antes de que finalice 2025.
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Capstone Holding Corp. (NASDAQ:CAPS) a finalis茅 en avance l'acquisition de Carolina Stone Products pour 3,9 脿 4,7 M$, soit un multiple d'EBITDA de 4,7脳 脿 5,2脳. Cette op茅ration apporte 11 M$ de chiffre d'affaires et environ 0,75 M$ d'EBITDA au portefeuille de Capstone.
Cette acquisition strat茅gique renforce la pr茅sence de Capstone dans le Sud-Est et son portefeuille de marques premium, positionnant la soci茅t茅 en vue d'un run-rate de 100 M$ de chiffre d'affaires 脿 l'entr茅e de 2026. L'op茅ration est conforme 脿 la strat茅gie M&A disciplin茅e de Capstone, visant des multiples EBITDA de 4鈥�6脳 avec 20鈥�45% de contrepartie non mon茅taire.
Les r茅centes acquisitions de la soci茅t茅 ont montr茅 des r茅sultats positifs, avec des marges brutes au T2 passant de 21,4% 脿 24,4% en glissement annuel. Capstone s'attend 脿 conclure au moins une autre acquisition d'ici la fin 2025.
Capstone Holding Corp. (NASDAQ:CAPS) hat die 脺bernahme von Carolina Stone Products vorzeitig abgeschlossen. Der Kaufpreis lag bei $3,9鈥�$4,7 Millionen, was einem EBITDA-Multiplikator von 4,7脳鈥�5,2脳 entspricht. Die Akquisition bringt $11 Millionen Umsatz und rund $0,75 Millionen EBITDA in Capstones Portfolio.
Die strategische 脺bernahme st盲rkt Capstones Pr盲senz im S眉dosten und das Premium-Markenportfolio und positioniert das Unternehmen f眉r eine $100 Millionen Umsatz-Runrate zu Beginn des Jahres 2026. Der Deal entspricht Capstones disziplinierter M&A-Strategie, die 4鈥�6脳 EBITDA-Multiplikatoren bei 20鈥�45% nichtbarter Gegenleistung anstrebt.
Die j眉ngsten Zuk盲ufe des Unternehmens zeigen positive Effekte: Die Bruttomargen im Q2 stiegen im Jahresvergleich von 21,4% auf 24,4%. Capstone erwartet, bis Ende 2025 mindestens eine weitere 脺bernahme abzuschlie脽en.
- Immediately accretive acquisition adding $11 million in revenue and $0.75 million in EBITDA
- Strategic expansion into high-growth Southeast construction markets
- Q2 gross margins improved significantly to 24.4% from 21.4% YoY
- Disciplined acquisition at 4.7脳-5.2脳 EBITDA multiple, within target range
- Company on track for $100 million revenue run-rate entering 2026
- Additional acquisition expected by year-end 2025
- Significant portion of purchase price (20-45%) paid in non-cash consideration, potentially diluting existing shareholders
Insights
Capstone's Carolina Stone acquisition adds immediate revenue, expands Southeast presence, and maintains disciplined 4-6脳 EBITDA valuation parameters.
Capstone's
The acquisition adds approximately
Looking at operational synergies, the company is already demonstrating success in its acquisition integration strategy. Gross margins have increased to
The southeastern expansion gives Capstone access to what they characterize as "one of the nation's fastest-growing construction markets," providing geographic diversification and potential revenue acceleration. The reference to an active M&A pipeline with at least one more acquisition expected by year-end 2025 indicates this transaction is part of a systematic growth strategy rather than an opportunistic one-off.
The disciplined approach to acquisition valuation and the balanced consideration structure (with
Deal delivered at target 4-6脳 EBITDA range; strengthens platform with premium brands in high-growth construction market
NEW YORK CITY, NY / / August 25, 2025 / Capstone Holding Corp. (NASDAQ:CAPS), a national building products distribution platform, today announced the closing of its previously announced acquisition of Carolina Stone Products ahead of schedule.
Transaction Highlights
Closing Date: August 22, 2025
Target: Carolina Stone Products (North Carolina)
Financials (Trailing): Revenue 鈮�
$11 million ; LTM EBITDA 鈮�$0.75 million / 2026 鈮� 1.001 millionPurchase Price & Multiple:
$3.9 -$4.7 million (~4.7脳-5.2脳 EBITDA)Accretion: Immediately accretive to revenue and EBITDA at close
Strategic fit: Expands Southeast footprint; adds premium brands; supports margin expansion
"With Friday's closing, we're delivering exactly what we said we would: immediately accretive acquisitions at disciplined valuations," said Matthew Lipman, CEO. "Carolina Stone strengthens our brand portfolio, gives us a foothold in one of the nation's fastest-growing construction markets, and positions us for a ~
Stuart Powell, EVP of Carolina Stone Products, added: "We're excited to officially join Capstone. The expanded reach and access to Instone's distribution platform will allow us to better serve our customers and accelerate growth."
Capstone's Active M&A Pipeline
In building products distribution, scale delivers clear advantages, including pricing power, operational leverage, and broader reach. Capstone is achieving that scale with discipline, targeting acquisitions at 4-6脳 EBITDA with 20
Capstone expects to close at least one more acquisition by year-end 2025. This disciplined M&A strategy continues to drive immediate accretion, creating long-term value for shareholders.
Achieving Platform Growth
The closing of Carolina Stone adds to a series of successful acquisitions - including HHT's stone business, Heller's Stone, and Northeast Masonry - that have expanded Capstone's footprint, lowered costs, and improved service.
The impact is evident in Capstone's Q2 results: gross margins rose to
About Capstone Holding Corp.
Capstone Holding Corp. (NASDAQ: CAPS) is a diversified platform of building products businesses focused on distribution, brand ownership, and acquisition. Through its Instone subsidiary, Capstone serves 31 U.S. states, offering proprietary stone veneer, hardscape materials, and modular masonry systems. The company's strategy combines disciplined M&A, operational efficiency, and a growing portfolio of owned brands to build a scalable and durable platform.
Investor Contact
Investor Relations
Capstone Holding Corp.
[email protected]
Forward-Looking Statements
This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. These statements relate to future events and performance, including guidance regarding revenue and EBITDA targets, M&A strategy, use of capital, and operating outlook. Actual results may differ materially from those projected due to a range of factors, including but not limited to acquisition timing, macroeconomic conditions, and execution risks. Please review the Company's filings with the SEC for a full discussion of risk factors. Capstone undertakes no obligation to revise forward-looking statements except as required by law.
SOURCE: Capstone Holding Corp.
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FAQ
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