Jobaaj Stories
Lowe’s Buys Artisan Design Group for $1.3 Billion to Grow Its Pro Market Business
Lowe’s is making a big move to expand its services for professional contractors and builders. The home improvement giant announced it will acquire Artisan Design Group (ADG) for $1.325 billion in cash, strengthening its role in the growing interior finishes market.
What is Artisan Design Group?
Artisan Design Group is a Texas-based company that provides interior design services. The company specializes in the design, distribution, and installation of interior finishes like flooring, cabinets, and countertops. With 132 locations across 18 states, ADG has built a strong reputation among homebuilders and contractors.
In 2024, ADG made around $1.8 billion in revenue, making it one of the leading companies in its industry. ADG currently serves more than 6,000 homebuilders and contractors throughout the U.S.
Why Lowe’s Is Making This Move
Lowe’s is already a household name in home improvement, but this deal is all about expanding its Pro customer base—contractors, builders, and other professionals. The company says this acquisition will give it better access to new home construction and remodeling projects, especially in the booming market for interior finishes.
According to Lowe’s, the U.S. will need about 18 million new homes by 2033, which means a major increase in demand for products like flooring, countertops, and cabinets. By acquiring ADG, Lowe’s hopes to meet this demand and compete more effectively with other players like Home Depot.
What the Acquisition Means for Lowe’s
This deal opens up a $50 billion market for Lowe’s. While the company already sells some interior finish products, having a professional service provider like ADG allows Lowe’s to offer full-service design and installation, especially for larger construction jobs.
Lowe’s CEO Marvin Ellison said that this is a “strategic investment” to grow their Pro business and deliver long-term value. ADG’s existing network and strong ties to homebuilders make it a smart addition to Lowe’s overall strategy.
When Will the Deal Close?
The acquisition is expected to close in Q2 of 2025, once it gets all the necessary regulatory approvals. After that, ADG will operate as part of Lowe’s professional services division.
