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Lowe's Announces Agreement to Acquire Artisan Design Group

Lowe's announces agreement to acquire Artisan Design Group, a leading provider of design, distribution and installation services.

4/14/2025
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MOORESVILLE, N.C. -- Lowe's Companies, Inc. (NYSE: LOW)  announced it has entered into a definitive agreement to acquire Artisan Design Group ("ADG") for $1.325 billion.

ADG is a leading nationwide provider of design, distribution and installation services for interior surface finishes, including flooring, cabinets and countertops, to national, regional and local homebuilders and property managers. Through a combination of organic growth and a series of targeted acquisitions that extended its capabilities and footprint, ADG has built an industry leading position. With fiscal 2024 revenue of approximately $1.8 billion, a national network of over 3,200 specialized installers and long-standing relationships with single-family and multifamily homebuilders as well as property managers, ADG will expand Lowe's Pro offering into a new distribution channel within a highly fragmented, approximately $50 billion market.

"With more than 18 million homes needed in the United States by 2033, we expect new home construction will be a major driver of Pro planned spend for the next decade. The acquisition of ADG allows us to build on our momentum with Pro planned spend and is expected to expand our total addressable market by approximately $50 billion," said Marvin R. Ellison, Lowe's chairman, president and CEO. "With its strong, customer-centric operating model, ADG has become an industry leader with best-in-class customer satisfaction scores from the top builders in the U.S. We look forward to welcoming the ADG team to Lowe's, and, through our combined capabilities, enhancing our offering to our expanded Pro customer base."

"We are thrilled for ADG to join forces with Lowe's," said Steve Margolius, ADG's CEO. "Our leading position in flooring, cabinets and countertops, combined with Lowe's scale and category breadth, will allow us to continue on our growth trajectory while providing an even more differentiated and comprehensive offering to the builders and property managers we serve today."

Lowe's will finance the acquisition with cash on hand. The transaction is expected to close in the second quarter of 2025, subject to receipt of requisite regulatory approvals and satisfaction of other customary closing conditions.
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