Capstone Holding signs LOI to acquire Southeast stone company

Capstone Holding has signed a non-binding letter of intent to acquire a Southeast-based distributor of thin veneer stone and hardscape materials. The planned acquisition marks Capstone’s entry into the Southeastern U.S. market – a key region in the company’s expansion strategy. The target business is known for its strong relationships with residential and commercial builders, and contractors. The LOI is non-binding and subject to the negotiation of a definitive stock purchase agreement and other customary conditions. If completed, the acquisition would represent another step in Capstone’s strategy to scale through disciplined M&A, targeting strong local operators in growing markets. The purchase price is in line with the formula presented to investors in the Company’s investment thesis for tuck-in deals – 4x to 6x EBITDA with 20% to 45% non-cash consideration. Capstone continues to pursue acquisitions at attractive valuations while reaffirming its full-year targets of a $100M revenue run rate and $10M in adjusted EBITDA.