Capstone Holding, a wholesale distributor of stone-based construction materials in the midwestern and northeastern US, filed on Tuesday with the SEC to raise up to $6 million in an initial public offering.
The company distributes over 1,980 SKUs, spanning thin veneer stone, natural stone products, stone panels, stone landscape products, and stone fireplaces. Capstone has over 400 active customers, which primarily comprise of various building product distributors in the midwestern and northeastern US, and serves them via four distribution centers.
The Alsip, IL-based company was founded in 1987 and plans to list on the Nasdaq under the symbol CAPS. Joseph Gunnar is the sole bookrunner on the deal. No pricing terms were disclosed.
