Construction Resources Secures Opustone Acquisition in South Florida
Deal News | Apr 09, 2025 | Globenewswire
Construction Resources Company, LLC, a notable player in the design-oriented surfaces market, has finalized its acquisition of Opustone, L.L.C., a prestigious distributor of luxury stone slabs and tiles in South Florida. The acquisition, completed from Mosaic Companies, marks a strategic expansion for Construction Resources, enhancing its presence across Miami, Fort Lauderdale, and West Palm Beach. Opustone's integration into the Construction Resources portfolio, which includes other prominent names like UMI Stone and Cancos Tile & Stone, signifies the company's ongoing commitment to providing premium surfaces for residential and commercial projects. Mitch Hires, the CEO of Construction Resources, highlighted the acquisition as a significant step in bolstering the company's service and product offerings, while Vera Castillo, Opustone's General Manager, expressed optimism about the new opportunities this partnership presents for further establishing their market position and achieving growth.
Sectors
- Construction and Building Materials
- Luxury Goods
Geography
- United States – Both Construction Resources and Opustone are operational within the U.S., specifically focusing on markets in Georgia and South Florida.
- South Florida – Opustone, the acquired company, operates showrooms in Miami, Fort Lauderdale, and West Palm Beach, central to this region.
- Georgia – Construction Resources is located in Atlanta, Georgia, which is its base of operations.
Industry
- Construction and Building Materials – The acquisition involves companies specializing in the distribution and installation of surfaces, which falls under the construction and building materials sector.
- Luxury Goods – Opustone and Construction Resources focus on premium surfaces and luxury stone slabs, relevant to the luxury goods industry.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Construction Resources Company, LLC | Acquirer | Company | A leading home products distributor known for its design-oriented surfaces and accessories. |
| Opustone, L.L.C. | Target | Company | A distributor of luxury stone slabs and tiles in South Florida. |
| Mosaic Companies | Vendor | Company | The company from which Opustone was acquired. |
| Mitch Hires | CEO of Construction Resources | People | Leading the expansion and integration of Opustone into Construction Resources. |
| Vera Castillo | General Manager of Opustone | People | Overseeing operations at Opustone with focus on growth and strategic direction. |
| The Home Depot | Parent Company | Company | Acquired Construction Resources in December 2023. |