Lowe’s led by Marvin Ellison completes $1.33 billion acquisition of Artisan Design

Key Points

• Lowe’s acquires ADG for $1.33 billion, adding 132 facilities and 3,200 installers to expand its Pro services across flooring, cabinetry, and countertops.
• The deal boosts Lowe’s access to the $50 billion interior finishes market, aligning with its strategy to serve homebuilders, remodelers, and property managers.
• With U.S. housing construction projected to rise, the acquisition positions Lowe’s to meet demand from over 18 million new homes expected by 2033.

Lowe’s Companies Inc., the U.S. home improvement giant led by one of the world’s highest-ranking Black CEOs, Marvin Ellison, has completed its $1.325 billion acquisition of Artisan Design Group (ADG), a leading provider of interior design, distribution, and installation services, in a move to deepen its capabilities in the Pro customer segment and unlock new growth in the $50 billion interior finishes market.

The transaction, first announced in April 2025, followed regulatory approvals and aligns with Lowe’s multi-year strategy to expand its service offerings for homebuilders, property managers, and remodelers. It also positions the company to capitalize on a housing construction boom projected to require over 18 million new homes by 2033.

Lowe’s adds Artisan Design Group to bolster pro strategy

With the close of the deal, the Dallas-based ADG will now become part of Lowe’s ecosystem, with a network of 132 facilities across 18 states and a workforce of more than 3,200 installers. ADG’s capabilities span flooring, cabinetry, and countertops—core categories for new home and multi-family developments. In fiscal 2024, ADG generated approximately $1.8 billion in revenue.

Chairman, President, and CEO Marvin Ellison said the deal aligns with Lowe’s multi-year Pro strategy and is expected to expand the company’s addressable market by approximately $50 billion, driving Pro spend in the decade ahead,” He noted. 

ADG is known for its strong ties to top U.S. builders and consistent delivery performance. As part of Lowe’s, its product and service offerings will integrate into the company’s broader platform, enhancing service to Pro customers across in-store and digital channels.

Funded with cash on hand, the acquisition underscores Lowe’s disciplined capital deployment and commitment to capturing share in the fragmented but fast-growing Pro segment. It also follows Home Depot’s $18.25 billion acquisition of SRS Distribution, highlighting intensifying competition in the space. Centerview Partners and Greenhill advised Lowe’s, while ADG was represented by RBC Capital Markets and Goldman Sachs.

Lowe’s sharpens focus on long-term growth across high-demand segments

Founded in 1921, Lowe’s Companies Inc., a Fortune 50 home improvement leader, operates more than 1,700 stores across the United States and Canada, supported by a workforce of over 300,000 associates. Its retail footprint spans 1,750 locations and 195.3 million square feet of selling space, cementing its position as one of North America’s dominant players in the sector.

In the first half of 2025, Lowe’s reported $20.9 billion in total sales, while total assets inched up 0.02 percent to $45.37 billion, reflecting steady financial resilience amid shifting consumer trends. The company currently holds a market capitalization approaching $130 billion.

Under the leadership of Chairman and CEO Marvin Ellison, with 0.13 percent stake, amounting to 748,000 ordinary shares—Lowe’s has prioritized balance sheet strength and strategic reinvestment, building on its ongoing transformation strategy and ambition to serve higher-value customer segments and lead in the evolving construction and remodeling economy.