GW Capital Acquires US Marble & Granite, Rebrands as Granite Works Stone Design

Granite Construction Acquires Lehman-Roberts Company and Memphis Stone & Gravel

December 5, 2023

Construction

Granite Construction Incorporated (NYSE: GVA) has acquired Lehman-Roberts Company and Memphis Stone & Gravel Company, expanding its materials and paving footprint in the Memphis metropolitan market. The deal adds asphalt plants and sand & gravel mines (with substantial reserves) to Granite’s operations and will be financed with a $150 million term loan plus revolver and cash on hand; the acquired companies’ leadership will remain in place.

Construction Resources Acquires MVP Granite Countertops and Opustone LLC

May 8, 2025

Building Products

Atlanta-based Construction Resources Company, LLC has acquired two Southeast surface and stone businesses: MVP Granite Countertops (Charleston, SC area) and Opustone LLC (showrooms in Miami, Fort Lauderdale and West Palm Beach, FL). The acquisitions expand Construction Resources' geographic footprint in the southeastern U.S. and add slab fabrication/installation and luxury stone distribution capabilities to its product and service offering.

Granite Acquires Warren Paving and Papich Construction

August 6, 2025

Construction

Granite Construction (NYSE: GVA) completed acquisitions of Warren Paving and Papich Construction for a combined purchase price of $710 million, adding approximately $425 million of annual revenue and materially increasing its aggregates reserves and production. The deals expand Granite's vertically-integrated home markets—adding a major barge-enabled aggregates network in the Southeast and quarry/roadbuilding capabilities on California's Central Coast—and are expected to be accretive to adjusted EBITDA.

Core & Main Acquires Granite Water Works Inc.

December 28, 2023

Building Products

Core & Main Inc. has acquired substantially all of the assets of Granite Water Works Inc., a family-owned distributor of water, wastewater and storm drainage products based in Waite Park, Minnesota. The acquisition expands Core & Main’s presence and capabilities in central Minnesota and brings Granite’s local relationships and team into Core & Main’s national specialty distribution network.

Granite Creek Capital Partners and Canterbury Ventures Acquire Diamond Blade Warehouse

June 8, 2021

Industrial Services

Granite Creek Capital Partners, alongside Canterbury Ventures (the investment arm of the Farrell family), acquired Diamond Blade Warehouse, a Vernon Hills, Illinois–based distributor of diamond cutting tool consumables. As part of the transaction W. James Farrell was appointed chairman and James M. Farrell named CEO; Granite Creek invested from its FlexCap II fund to support DBW's growth and geographic expansion.

Capstone Holding Corp. Acquires Canadian Stone Industries

December 1, 2025

Building Products

Capstone Holding Corp. (NASDAQ:CAPS) has closed the acquisition of Canadian Stone Industries (CSI), a multi-location distributor that adds approximately $15 million of annual revenue. The deal expands Capstone’s North American footprint, strengthens its premium brand portfolio, and is expected to be immediately accretive to revenue and EBITDA.