Lowe’s is making headlines with its $1.32 billion acquisition of Artisan Design Group (ADG), a major move aimed at strengthening its position against rival Home Depot. The deal, announced this week and expected to close in the second quarter of, will be funded with cash on hand and marks Lowe’s largest acquisition in recent years.
ADG, based in Dallas, operates facilities across states and specializes in design, distribution, and installation services for interior finishes like flooring, cabinetry, and countertops. With reported revenue of $1.8 billion, ADG primarily serves homebuilders and property managers, giving Lowe’s a significant boost in the professional contractor market.
This acquisition comes just a year after Home Depot’s $1 billion purchase of SRS Distribution, which expanded its reach in specialty trades such as roofing and landscaping. Both retailers are aggressively targeting professional customers, a segment expected to drive growth as new home construction rebounds over the next decade.
Lowe’s CEO Marvin Ellison emphasized that the ADG deal is projected to expand Lowe’s total addressable market by approximately $5 billion, positioning the company to better serve the booming Pro sector. As the home improvement giants continue their rivalry, all eyes are on how this billion-dollar bet will reshape the industry.
