Home Depot to Acquire International Designs Group With Eyes on Pro Business
20 November 2023 - 11:09PM
Dow Jones News
By Denny Jacob
Home Depot agreed to acquire International Designs Group from
private equity firm Mill Point Capital.
Terms of the deal weren't disclosed.
The home-improvement giant said International Designs Group is a
platform company that owns and operates Construction Resources and
other design-oriented subsidiaries. It added that Construction
Resources is a leading distributor of products for professional
contractors, an addressable market in which its working to capture
a larger share.
"Almost all Pros interact with The Home Depot, but their level
of engagement varies based on the complexity of their projects.
We're building capabilities to ensure we can serve all Pros across
all their project needs," said Chief Executive Ted Decker.
The acquisition is expected to close by the end of 2023.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
November 20, 2023 16:54 ET (21:54 GMT)
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