Capstone Holding Corp. announced on August 25, 2025, the successful closing of its previously announced acquisition of Carolina Stone Products, ahead of schedule. The transaction, which closed on August 22, 2025, represents a significant milestone in Capstone's aggressive growth strategy. This acquisition immediately strengthens the company's platform.
The deal is valued at approximately $3.9-$4.7 million, representing a multiple of 4.7x-5.2x LTM EBITDA. Carolina Stone Products is expected to add approximately $11 million in revenue and $0.75 million in LTM EBITDA, with projected 2026 EBITDA of approximately $1.001 million. This makes the acquisition immediately accretive to Capstone's financial performance.
CEO Matthew Lipman stated that the closing delivers exactly what the company promised: immediately accretive acquisitions at disciplined valuations. Strategically, the acquisition expands Capstone's footprint into the high-growth Southeast market and adds premium brands to its portfolio. This move supports margin expansion and reinforces Capstone's position as a consolidator in the building products distribution sector.
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