Home Depot entered into an agreement to acquire International Designs Group (IDG)—a construction materials conglomerate that includes UMI, Construction Resources (CR), Marva, European Granite & Marble Group, and Cancos Tile & Stone—from private equity firm Mill Point Capital. The terms of the deal were not disclosed. Through the purchase, the company hopes to capture a larger share of the $475 billion professional contractor market IDG serves. Expected to close by the end of 2023, the acquisition will also allow Home Depot to tap into CR’s showrooms across the East Coast and Southeast, offering the retailer a new direct line to professionals