Lowe's makes billion-dollar acquisition with Artisan Design Group

Home improvement retailer Lowe’s announced earlier this week it has acquired Artisan Design Group for just over $1.3 billion nearly a year after rival Home Depot made a similar move.

ADG, headquartered in Dallas, Texas, is a “leading nationwide provider of design, distribution and installation services” that focuses on flooring, cabinets and countertops, according to an April 14 news release announcing the move.

The design company currently operates 132 distribution, design and service facilities and coordinates installation through over 3,200 personnel across 18 state, according to the announcement.

Lowe’s said ADG will help expand Lowe’s Pro business in the approximately $50 billion interior finishes market.

“With more than 18 million homes needed in the United States by 2033, we expect new home construction will be a major driver of Pro planned spend for the next decade,” said Marvin R. Ellison, Lowe’s chairman, president and CEO, in a statement. “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.”

The transaction is expected to close in the second quarter of 2025, according to the statement.

Home Depot acquired SRS Distribution in June 2024

Lowe’s biggest competitor, Home Depot, acquired SRS Distribution for just over $18 billion in June 2024.

According to a news release at the time, SRS “is a leader with the specialty trade PRO in roofing, landscaping, and pool,” and the move was intended to complement the “Pro capabilities Home Depot is already building and will help us better serve complex project purchases.”

“SRS is an excellent fit for The Home Depot,” said Ted Decker, chair, president and CEO of Home Depot, in a statement last June. “Their ability to quickly build leadership positions in each of their specialty trade verticals is a testament to the team’s strong vision, leadership, culture and execution.”

“SRS’s outstanding customer service, capabilities and expertise will help us drive value for our customers, associates and shareholders,” Decker said in the statement.

At the time of the acquisition, SRS operated over 760 branches across 47 states in the U.S.

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Gabe Hauari is a national trending news reporter at USA TODAY. You can follow him on X @GabeHauari or email him at Gdhauari@gannett.com.

(This article was updated to include.)