Lowe’s Companies, Inc. has finalized its acquisition of Artisan Design Group (ADG), a provider of design, distribution, and installation services for interior surface finishes. This transaction marks an expansion into a market valued at approximately $50 billion.
“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,” stated Marvin R. Ellison, Lowe’s chairman, president and CEO. “This acquisition positions us to accelerate our growth in Pro planned spend and expand into an adjacent distribution channel.”
Advisory roles for this acquisition were filled by several firms. Centerview Partners LLC acted as the lead financial advisor for Lowe’s, with Greenhill also providing financial advisory services. Covington & Burling LLP served as legal advisors for Lowe’s interests.
For ADG, RBC Capital Markets was the lead financial advisor. Goldman Sachs and Robert W. Baird also provided financial advice while Latham & Watkins LLP offered legal counsel.
Lowe’s is recognized as a FORTUNE 100 company in the home improvement sector with operations across over 1,700 stores in the United States. It handles around 16 million customer transactions weekly and recorded sales exceeding $83 billion in fiscal year 2024.
