Lowe’s to Acquire Artisan Design Group for $1.325 Billion.

Artisan Design Group (ADG) was recently sold to Lowe’s Companies for $1.325 billion by The Sterling Group, a private equity firm.

ADG, a nationwide design, distribution and installation services provider based in Dallas, Texas, operates 132 distribution, design and service facilities across 18 states. 

“Since initially partnering with co-founders Larry Barr and Wayne Joseph in 2018, Sterling has been proud to support ADG during a period of significant growth and expansion,” says Johann Friese, director at The Sterling Group. 

The acquisition of ADG will expand Lowe’s Pro, Lowe’s comprehensive program catered to home improvement professionals, into a new distribution channel within a $50 billion market.

“With more than 18 million homes needed in the U.S. by 2033, we expect new home construction will be a major driver of pro planned spend for the next decade. The acquisition of ADG allows us to build on our momentum with pro planned spend and is expected to expand our total addressable market by approximately $50 billion,” says Marvin Ellison, Lowe’s chairman, president and CEO. 

The transaction has an expected close date in Q2 2025. The close is subject to pending regulatory approvals and satisfaction of other closing conditions.

“We are thrilled for ADG to join forces with Lowe’s,” says Steve Margolius, ADG’s CEO. “Our leading position in flooring, cabinets and countertops, combined with Lowe’s scale and category breadth, will allow us to continue on our growth trajectory while providing an even more differentiated and comprehensive offering to the builders and property managers we serve today.”