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Peer Fund / Dealmaker·Building Products

Darin Good

Managing Director, Head of Building Products & Construction Services at Capstone Partners

Denver, CO

DG
LinkedIn
Why they matter

Runs Capstone's dedicated building products & construction services banking practice with 80+ deals closed, giving him unmatched deal flow visibility in the sector.

Background

Darin Good is a Managing Director and Head of the Building Products & Construction Services investment banking team at Capstone Partners, based in Denver. He has over 25 years of M&A advisory experience and has led business owners and their boards through more than 80 transactions; before banking, he founded and operated three companies in construction, import/distribution, and commercial real estate management.

Notable deals

  • 2023
    Led Capstone's advisory of RK Electric (electrical contractor) on its sale to Huron Capital, forming the cornerstone of Huron's new electrical services platform
  • 2023
    Oversaw Capstone's advisory of Poulos & Bennett on its partnership with Pape-Dawson Engineers, Pape-Dawson's first deal outside Texas
  • 2025
    Led Capstone's advisory of The Wilbar Group, an aboveground pool manufacturer, on its sale to StoneTree Investment Partners

Call-prep brief

Background

  • MD and Head of Building Products & Construction Services at Capstone Partners (Denver); 25+ years in M&A, 80+ transactions led
  • Operator background before banking: founded/ran three companies in construction, import-distribution, and CRE management
  • Recognized expert witness and national M&A speaker; three of his deals are taught as business-school case studies

Current focus

  • Sell-side and partnership/recap advisory for founder-owned building products and construction services businesses (electrical contractors, civil engineering, manufacturing, pool products)
  • Active 2023-2025 deal cadence spans electrical services (RK Electric/Huron Capital), engineering roll-ups (Poulos & Bennett/Pape-Dawson), and specialty manufacturing (Wilbar Group/StoneTree)

What he cares about

  • Founder-owned business outcomes and legacy/culture fit with acquirers
  • Sector specialization — his team focuses exclusively on building products & construction
  • Platform and buy-and-build strategies (e.g., Huron's ExecFactor electrical platform)

Recent moves

  • Closed the Wilbar Group/StoneTree deal in November 2025
  • Continues to lead Capstone's largest sector practice group; team members have been promoted off deals he originated

Sensitivities

  • As a banker, he is relationship- and confidentiality-bound to current sell-side mandates — avoid asking about live, unannounced processes
  • Wary of generic outreach; responds better to specific thesis or portfolio-company fit

Questions to ask

  1. What building products/construction subsectors are seeing the most inbound interest from PE right now?
  2. What's driving valuation gaps between strategics and financial buyers in his current pipeline?
  3. Which of his platform-backed portfolio companies (e.g., electrical services, engineering roll-ups) might be ready for a follow-on or add-on conversation?

Outreach draft

Subject
Building products M&A — quick intro call?
Hi Darin, I came across your work leading Capstone's Building Products & Construction Services practice, including the RK Electric/Huron Capital and Poulos & Bennett/Pape-Dawson deals. We're actively evaluating platforms and add-ons in the building products and construction services space and would value your read on where deal flow and valuations are heading in the sector. Would you have 20 minutes in the next couple of weeks for an introductory call? Happy to work around your schedule. Best, [Placeholder Name]

Linked companies

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