Mill Point Capital Announces the Sale of International Designs Group

Revolutionizing the Kitchen and Bath Industry: International Designs Group Joins The Home Depot Decatur, Ga. & New York - Mill Point Capital LLC, a renowned private equity firm specializing in control-oriented investments, has recently announced the sale of International Designs Group (IDG) to The Home Depot. This strategic move marks a significant milestone for the kitchen and bath industry, as IDG brings its extensive range of design-oriented surfaces, appliances, and architectural specialty products to The Home Depot's vast network of customers. IDG is a distinguished distributor, seller, and custom fabricator of surfaces, appliances, and specialty products, catering to diverse professional customers in the renovation, remodeling, new construction, and multi-family sectors. Their comprehensive product offerings, which include flooring, walls, countertops, decking, and fireplace surrounds, have earned them a prominent place in the industry. With headquarters in Decatur, GA, and showrooms and fabrication facilities across the Eastern U.S., IDG has established an impressive presence in high-growth areas. Under the guidance of Mill Point, IDG has undergone significant transformations since the formation of the IDG platform in 2022. Notable acquisitions such as Construction Resources and Trajus Surfaces have expanded the company's geographic footprint, enhanced distribution capabilities, and broadened product offerings. IDG now provides a comprehensive range of custom construction and remodeling solutions. The company has also executed various strategic initiatives, including the introduction of proprietary brands like Forum Quartz and Pompeii Quartz, the opening of new showrooms and distribution points, and the strengthening of its management team and supplier relationships. Mitch Hires, CEO of IDG, expressed his excitement about the partnership with The Home Depot, stating, "Mill Point has been a tremendous partner to IDG, and with their guidance and support, we have successfully grown the business. We look forward to continuing our strategic plans and becoming the premier multi-product supplier in our market." Michael Duran, Founder and Managing Partner of Mill Point, added, "Our partnership with IDG's management team and employees has transformed the company, making it highly sought-after. We are delighted to see IDG join forces with The Home Depot and eagerly anticipate their continued success." By combining IDG's expertise and The Home Depot's extensive reach, the acquisition will create new opportunities for growth and innovation in the kitchen and bath industry. IDG's dedication to seamless and hassle-free purchasing experiences, along with The Home Depot's commitment to customer satisfaction, ensures that trade partners and homeowners alike will benefit from this collaboration. The closing of the transaction is subject to customary conditions and is expected to be finalized by the end of 2023. About International Designs Group International Designs Group, based in Decatur, Georgia, is a renowned supplier of slab, tile, appliances, and specialty products for the kitchen and bath industry. With exclusive brands such as Pompeii Quartz and Forum Quartz, as well as the Cancos Tile label, IDG offers an extensive range of products to trade partners and homeowners. The company operates showrooms in various Eastern U.S. states, including Georgia, South Carolina, Florida, and New York, ensuring exceptional service and a seamless purchasing process. For more information, please visit www.internationaldesignsgroup.com. About Mill Point Capital Mill Point Capital LLC is a leading private equity firm specializing in control investments in lower-middle-market companies in North America, primarily within the business services, industrials, and IT services sectors. The firm's experienced team of investors and Executive Partners is dedicated to enhancing portfolio company value through transformative strategic initiatives and operational improvements. With a track record of 80 completed platform and add-on acquisitions and approximately $2.5 billion in assets under management, Mill Point is recognized for its commitment to driving growth and innovation. For more information, please visit www.millpoint.com.

In conclusion, the acquisition of International Designs Group by The Home Depot represents a significant development in the kitchen and bath industry. With IDG's comprehensive product offerings and Mill Point Capital's strategic guidance, this collaboration is set to revolutionize the market. Trade partners and homeowners can expect an enhanced range of solutions and seamless purchasing experiences as a result of this exciting partnership.