Capstone enters agreement to acquire Carolina Stone Products

Capstone Holding has signed a definitive agreement to acquire Carolina Stone Products, with closing targeted by August 22, 2025, subject to customary conditions. Transaction Highlights: Financials:Revenue $11M; LTM EBITDA $0.75M/ 2026 1.001M; Purchase price / multiple:$3.9M-$4.7M; Accretion: Immediately accretive to revenue and EBITDA at close; Strategic fit: Expands Southeast footprint; adds premium brands; supports margin expansion. Carolina Stone Products Acquisition – The transaction will add Carolina Stone’s premium brands and loyal customer base to Capstone’s portfolio. It is expected to be immediately accretive to revenue and EBITDA and will mark Capstone’s entry into the Southeast, one of the nation’s fastest-growing construction markets. Capstone expects to close at least one additional acquisition by year-end 2025. Multiple targets are under review at 4-6 EBITDA valuations, with 20-45% non-cash consideration, positioning Capstone to make a third acquisition and enter 2026 at a ~$100M revenue run-rate.