The Home Depot®, the world's largest home improvement retailer, has entered into a definitive agreement to acquire International Designs Group (IDG), a platform company that owns and operates Construction Resources and other design-oriented subsidiaries. Construction Resources is a leading distributor of design-oriented surfaces, appliances and architectural specialty products for professional (Pro) contractors focused on renovation, remodeling, residential home building and multi-family.

The Home Depot agreed to acquire IDG from Mill Point Capital LLC, a private equity firm focused on control-oriented investments in the business services, industrials and IT services sectors.
 
IDG's flooring sales are estimated to be about $60 million.

IDG is a distributor, seller and custom fabricator of design-oriented surfaces, appliances and architectural specialty products. The company’s products are featured in multiple areas of the home, including flooring, walls, countertops, decking and fireplace surrounds, among others. IDG serves a diverse group of professional customers across renovation, remodeling, new construction and multi-family. The company is headquartered in Decatur, Georgia and operates showrooms and fabrication facilities across the Eastern U.S.

The transaction is subject to customary closing conditions and is expected to close by the end of 2023.

About The Home Depot

The Home Depot is the world's largest home improvement specialty retailer. At the end of the third quarter of fiscal year 2023, the company operated a total of 2,333 retail stores in all 50 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. The company employs approximately 470,000 associates. The Home Depot's stock is traded on the New York Stock Exchange (NYSE: HD) and is included in the Dow Jones industrial average and Standard & Poor's 500 index.

Source: homedepot.com