Capstone Holding Closes Acquisition Of Canadian Stone Industries, Expanding Capstone's North American Footprint, And Adding Immediate Accretion To Revenue And EBITDA

The transaction strengthens Capstone's platform and advances progress toward its $100M run-rate target for early 2026.

NEW YORK CITY, NEW YORK / ACCESS Newswire / December 2, 2025 / Capstone Holding Corp. (NASDAQ:CAPS), a national building products distribution platform, today announced the closing of its acquisition of Canadian Stone Industries (CSI), a multi-location distributor with $15 million in annual revenue. The transaction expands Capstone's North American footprint, strengthens its premium brand portfolio, and adds immediate accretion to revenue and EBITDA.

The acquisition accelerates Capstone's progress toward its $100 million run-rate revenue target for early 2026. In the second half of 2025, Capstone has added $26 million in acquired revenue and continues to engage with a robust 2026 pipeline of high-quality targets.

Transaction Highlights:

Closing Date: December 1, 2025

Target: Canadian Stone Industries

Financials (Trailing): Revenue ≈ $15 million

Valuation & Structure: Purchase price at Net Asset Value, with roughly 50% of consideration in notes or contingent consideration.

Financial Impact: Adds $15M revenue and is expected to be immediately accretive to revenue and EBITDA at close.

Strategic Fit: Strengthens Capstone's geographic footprint, premium brand portfolio, and customer base, reinforcing scale advantages across North America.

Capstone Delivers Disciplined Platform Growth

The acquisition continues a series of accretive transactions, including Carolina Stone, HHT's stone business, Heller's Stone, and Northeast Masonry. Each has expanded Capstone's footprint, lowered operating costs, and improved service levels.

This approach aligns with industry research from Bain & Company showing that value in building products consolidates around scaled, multi-market operators.1 With a 32-state footprint and broad category coverage, Capstone is uniquely positioned to capture the next demand cycle.

The benefits of this strategy are already reflected in Capstone's Q2 and Q3 results, where the company delivered record growth in revenue, EBITDA, and gross margins.

Capstone expects to close three to four additional acquisitions in 2026. This disciplined M&A strategy, paired with robust organic growth, continues to drive long-term value for shareholders. The Company also reaffirms its $100 million run-rate revenue target for early 2026.