Investment Criteria

Capstone Acquisition Criteria


Capstone is actively seeking businesses that fit into three broad groups:

Operating Tuck-ins


Our current operating subsidiary is Instone. Instone is a wholesale distributor of thin veneer masonry and natural stone hardscape products. Currently this Instone services the Northeast and Midwest.

We are aggressively seeking to grow Instone through acquisition. Specifically, expand its footprint into the South and Southeast, along with the Mountain States.

Sister Companies


Companies that either distribute or manufacture products that can be sold by or have a strong operating relationship with an existing operating company such as Instone, yet will remain separately managed.

Economic relationships with other Capstone businesses units will be by contract and this business unit will pursue its own natural independent  growth trajectory.

Building Companies


The building products and services sector is diverse. We seek to invest in companies that have a demonstrated strength and an understanding of how their business can grow.

Most importantly, success will be driven by strong company culture. It is critical that our teams’ cultures complement each other.