Capstone Headwaters Reports: Building Products Industry Begins to Emerge From COVID-19 Disruption

August 11, 2020

Boston, MA – Capstone Headwaters released its August 2020 Building Products report today, reporting that COVID-19 has created unprecedented disruption in the Building Products industry in early 2020 as lockdown measures and supply chain challenges severely impacted industry demand and downstream markets.  However, as lockdown measures ease and building products participants move towards a more normalized workload, industry demand and unemployment rates have displayed signs of a rebound.

Merger and acquisition (M&A) activity had remained robust through Q1 2020 with 84 transactions announced or completed, modestly trailing Q1 2019 volume of 97 transactions.  In Q2, as the pandemic’s effects amplified, M&A activity dropped significantly in April, coming to a near standstill in May. 

To access the full Building Products report, click here. 


Capstone Headwaters is one of the largest and most active independent investment banking firms in the United States.  The firm has a rich 18+ year history of achieving extraordinary results for middle market entrepreneurs, business owners, investors, and creditors.  The firm offers a fully integrated suite of corporate finance services, including merger & acquisition, debt & equity placement, ESOP advisory, corporate restructuring, valuation & fairness opinion, and financial advisory services.  Headquartered in Boston, Capstone Headwaters has over 170 professionals across 17 offices in the U.S. with 16 dedicated industry groups. Capstone has been recognized consistently as one of the top investment banks to work for and “U.S. Middle Market Firm of the Year.” For more information, visit

For More Information Contact the Key Report Contributors:

Darin Good 
Managing Director

Crista Gilmore

Brian Krehbiel