Home Depot Enters Definitive Agreement To Acquire International Designs Group, A Platform Company That Owns And Operates Construction Resources; No Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
Home Depot has entered into a definitive agreement to acquire International Designs Group (IDG), which owns Construction Resources, a distributor of design-oriented surfaces, appliances, and architectural specialty products. The acquisition from Mill Point Capital LLC is expected to close by the end of 2023. No financial terms of the deal were disclosed.

November 20, 2023 | 9:12 pm
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POSITIVE IMPACT
Home Depot's acquisition of IDG could enhance its product offerings for professional contractors, potentially increasing its market share in the renovation and home building sectors.
The acquisition of IDG by Home Depot is directly relevant to HD as it could expand its product range and strengthen its position in the market for professional contractors. The positive impact is based on the potential for increased sales and market share, although the lack of financial terms makes it difficult to assess the full impact on HD's financials. The confidence level is not at the maximum due to the undisclosed terms of the deal.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100