Home improvement retailer Lowe’s Companies has completed the acquisition of Artisan Design Group (ADG), an interior services provider, for $1.325bn.
The move is part of Lowe’s strategy to broaden its engagement with professional contractors in the context of a weakening US housing market.
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Private equity company the the Sterling Group agreed to sell ADG to Lowe’s in April 2025.
Headquartered in Dallas, Texas, ADG has 132 distribution, design and service facilities and manages installation through more than 3,200 personnel across 18 states.
Lowe’s chairman, president and CEO Marvin Ellison stated: “We are pleased to complete this transaction and officially welcome the talented ADG team to Lowe’s. ADG has built an industry-leading position through consistent execution and outstanding customer service, earning strong customer satisfaction scores from the top homebuilders.
“This acquisition positions us to accelerate our growth […] and expand into an adjacent distribution channel in a highly fragmented, approximately $50bn market.”
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By GlobalDataLowe’s conducts 16 million customer transactions a week in the US and reported more than $83bn in sales for the fiscal year 2024. It operates more than 1,700 stores and employs 300,000 associates.
Several financial and legal advisors were involved in the acquisition process. Centerview Partners and Greenhill, a Mizuho affiliate, acted as financial advisors to Lowe’s, with Covington & Burling serving as legal advisors.
RBC Capital Markets led the financial advisory for ADG, supported by Goldman Sachs and Robert W Baird, while Latham & Watkins provided legal advice.
In May 2025, Lowe’s partnered with marketplace technology company Mirakl to expedite the growth of its e-commerce marketplace.
