Vision Foundation Models (VFMs) have become a de facto choice for many downstream vision tasks, like image classification, image segmentation, and object localization. However, they can also provide significant utility for downstream 3D tasks that can leverage the cross-modal information (e.g., from paired image data). In our work, we further explore the utility of VFMs for adapting from a labeled source to unlabeled target data for the task of LiDAR-based 3D semantic segmentation. Our method consumes paired 2D-3D (image and point cloud) data and relies on the robust (cross-domain) features from a VFM to train a 3D backbone on a mix of labeled source and unlabeled target data. At the heart of our method lies a fusion network that is guided by both the image and point cloud streams, with their relative contributions adjusted based on the target domain. We extensively compare our proposed methodology with different state-of-the-art methods in several settings and achieve strong performance gains. For example, achieving an average improvement of 6.5 mIoU (over all tasks), when compared with the previous state-of-the-art.