- Lowe's (LOW, Financial) to acquire Artisan Design Group (ADG) for $1.325 billion.
- ADG has a 2024 revenue of $1.8 billion and a network of over 3,200 specialized installers.
- The acquisition expands Lowe's addressable market by $50 billion, targeting the fragmented interior finishes sector.
Lowe's Companies, Inc. (LOW) has entered into a definitive agreement to acquire Artisan Design Group (ADG) for $1.325 billion. This strategic acquisition is set to be financed with cash on hand and is expected to close in the second quarter of 2025, subject to regulatory approvals and other customary closing conditions.
Artisan Design Group, known for its design, distribution, and installation services for interior surface finishes such as flooring, cabinets, and countertops, reported a fiscal 2024 revenue of approximately $1.8 billion. The company operates with a national network of over 3,200 specialized installers, serving single-family and multifamily homebuilders as well as property managers.
The acquisition aims to integrate ADG's expertise with Lowe's Pro offerings, significantly expanding Lowe's reach into the professional and home construction sectors. This move is in response to the projected demand for 18 million new homes in the United States by 2033, with the acquisition poised to capitalize on this long-term construction demand.
By venturing into the $50 billion interior finishes market, Lowe's strengthens its position within the builder-direct supply channel, offering comprehensive, end-to-end solutions that cater to professional contractors and homebuilders.
