The Acquisition Expands International Designs’ Geographic Presence and Bolsters the Platform’s Suite of Product Offerings
ATLANTA, July 19, 2022–(BUSINESS WIRE)–International Designs Group LLC (“International Designs” or “IDG”), a portfolio company of Mill Point Capital (“Mill Point”) and parent company of Cancos Tile & Stone LLC (“Cancos”), announced today that it has acquired Construction Resources Holdings LLC (“CR,” or the “Company”), a leading distributor of design-oriented surfaces materials, architectural specialty products and appliances.
CR is a leading value-added distributor of engineered quartz, natural stone, porcelain and tile surfaces, architectural specialty products and appliances in the Southeastern United States. The Company has an expansive distribution center, showroom and surfaces gallery and fabrication facility network with 30 locations across its core territories. CR’s product portfolio consist of an array of high-quality, proprietary and sought-after blue-chip products and brands, sourced from a global web of supply partners. The Company is headquartered in Atlanta, GA.
“We are extremely excited to announce our partnership with Mill Point and IDG, and look forward to embarking upon our next chapter of growth. The combination of CR and Cancos creates a unique opportunity to leverage collective experiences and resources, which will serve as a catalyst for tremendous growth opportunities. Construction Resources has a proud history and is well-positioned for continued success in the future,” said Mitch Hires, CEO of Construction Resources.
“Mitch and his team have built a special platform in Construction Resources. The growth opportunities in front of the Company are exceptional, and we are thrilled to be bringing CR into the IDG family,” added Bruce Zwicker, Mill Point Executive Partner and Executive Vice Chairman of International Designs.
“We’ve been extremely impressed by entire CR team, and the excellent foundation they have built. We’re excited to partner with Mitch and the rest of the CR team to continue growing the International Designs platform and pursuing the numerous opportunities ahead,” said Michael Duran, Founder and Managing Partner of Mill Point.
About Construction Resources
For 50+ years, CR has provided residential and commercial builders and remodelers, as well as homeowners, with a one-stop shop for their surfaces, flooring, kitchen, bath, appliances, garage doors, fireplaces, glass & mirror, and specialty needs. Construction Resources offers an array of high-quality proprietary and sought-after blue-chip brands for builders and homeowners. The company is headquartered in Atlanta, Georgia, with showrooms, surface galleries and design centers located regionally. For more information, please visit www.constructionresourcesusa.com.
About International Designs Group
International Designs is a leading distributor of design-oriented surfaces, architectural specialty products and appliances throughout the Eastern United States. IDG sells to a diverse customer base comprising of architectural, design, wholesale and retail consumers and maintains a network of over 45 facilities across its operating territory.
About Mill Point Capital
Mill Point Capital LLC is a private equity firm focused on control investments in lower-middle market companies in North America across the business services, IT services and industrials sectors. Mill Point’s experienced team of investors and Executive Partners seek portfolio company value enhancement through rigorous implementation of transformative strategic initiatives and operational improvements. Mill Point is based in New York, NY. For more information, please visit www.millpoint.com.
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Jiaeh Kim, [email protected], 212-416-5800