Lowe's buying interior design company in $1.33B deal
- Lowe's Companies, Inc. Agreed to purchase Artisan Design Group for $1.325 billion, announced April 14, 2025.
- Sterling Group's six-year partnership with ADG led to strategic expansion and this agreement with Lowe's.
- ADG is headquartered in Dallas and operates 132 facilities across 18 states with 3,200 personnel.
- Johann Friese said Sterling supported ADG's growth since 2018, while Ellison noted ADG's customer satisfaction.
- Lowe's expects the acquisition to close in Q2 2025, expanding their market by $50 billion due to construction needs.
27 Articles
27 Articles
Lowe’s spending over $1 billion on Dallas company that targets home interiors
A Dallas company that specializes in home interiors is being sold for more than $1 billion to Lowe’s, the massive national retailer. Artisan Design Group is set to be acquired for $1.33 billion by the chain, according to an announcement…
Lowe’s to acquire Texas-based Artisan Design Group for $1.3B
Lowe’s will acquire Dallas-based Artisan Design Group for $1.325 billion to boost its Pro business and tap into rising home construction demand. ADG, with 132 facilities in 18 states, had $1.8B in 2024 revenue. The deal is expected to close in Q2 and expand Lowe’s total addressable market by $50 billion.
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