The Home Depot, which is the largest home improvement retailer in the world, has agreed to purchase International Designs Group (IDG). IDG is a subsidiary of Mill Point Capital and is the owner of Construction Resources and other design-oriented companies. IDG is a prominent supplier of home products to the construction and design industry.
IDG’s portfolio comprises of well-established companies such as Construction Resources, United Materials, European Granite and Marble, Marva, and Cancos Tile & Stone. These companies offer a range of home improvement products including natural stone, engineered and porcelain slabs, custom countertops, appliances, lighting, garage doors, fireplaces, glass & mirror, tile, and flooring.
Construction Resources has greater than fifty years of experience in the building products industry and is dedicated to providing excellent products and customer satisfaction. This acquisition is an important part of The Home Depot’s strategy to expand its presence in the Pro market by developing capabilities to serve Pros of all sizes and for all their project needs. The senior management team of IDG and Construction Resources will continue to lead the company post-transaction.
“We’re thrilled to join The Home Depot team, because their customer- and associate-focused culture aligns so well with Construction Resources’ commitment to excellence in serving our customers,” said Mitch Hires, CEO of IDG and Construction Resources. “The Home Depot’s scale, operational expertise and product innovation is unmatched in our industry, and I’m confident the combination of our capabilities will bring tremendous value to the Pros and homeowners who rely on us every day.”
“Mitch and the entire IDG team have built a tremendous platform, which will continue to flourish within The Home Depot’s organization. We are honored to have worked closely with them to achieve several milestones, and they are well-positioned moving into their next phase of growth,” said Rick Bennet, Mill Point Executive Partner.
The acquisition is anticipated to be completed by the end of 2023, subject to customary closing conditions and regulatory approvals.
