Capstone Holding Corp. said Monday it has agreed to buy Carolina Stone Products, a North Carolina–based supplier of stone building materials. The deal is expected to close by Aug. 22, pending standard approvals.
Under the agreement, Capstone will pay between $3.9 million and $4.7 million for Carolina Stone. The acquisition will bring Carolina Stone’s products and customer base into Capstone’s network and marks the company’s first entry into the Southeast.
“With a foothold in the Carolinas, we’ll begin getting Instone products on the ground right away — a key step toward growing our presence and expanding our offerings,” said Capstone CEO Matthew Lipman.
Carolina Stone executive vice president Stuart Powell said the deal will benefit customers and open new markets. “We couldn’t be more thrilled about joining the Capstone family,” Powell said. “We believe the additional products for our customers, along with the ability to serve larger builders in new markets through Capstone, will make us an even more valuable partner.”
The acquisition follows Capstone’s recent purchases of HHT’s stone business, Heller’s Stone, and Northeast Masonry. The company said it expects to complete at least one more acquisition before the end of 2025.
Capstone, through its Instone subsidiary, distributes stone veneer, hardscape materials, and modular masonry systems in 31 U.S. states.
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