Lowe's Completes Acquisition of Artisan Design Group
Deal News | Jun 02, 2025 | EIN
Lowe's Companies, Inc., a leading home improvement company, has completed its acquisition of Artisan Design Group (ADG), a major provider of design, distribution, and installation services for interior surface finishes. This acquisition is expected to bolster Lowe's position in the home improvement market by accelerating growth in professional sales and expanding its distribution channels in a $50 billion market. Financial advisors for Lowe's included Centerview Partners LLC and Greenhill, a Mizuho affiliate, while ADG was advised by RBC Capital Markets, Goldman Sachs, and Robert W. Baird. The legal aspects were managed by Covington & Burling LLP for Lowe's and Latham & Watkins LLP for ADG. The acquisition aligns with Lowe's strategic growth initiatives and is part of a broader plan to enhance operational capabilities and customer satisfaction. Despite the forward-looking statements regarding growth prospects and market expansion, the transaction is subject to risks and uncertainties, including potential difficulties in integrating operations and achieving anticipated benefits.
Sectors
- Home Improvement Retail
- Interior Design Services
- Mergers and Acquisitions
Geography
- United States – Lowe's and Artisan Design Group primarily operate within the United States, and the acquisition impacts the U.S. home improvement market.
Industry
- Home Improvement Retail – Lowe's operates in the home improvement sector, serving millions of customers with home renovation and improvement products.
- Interior Design Services – Artisan Design Group provides design, distribution, and installation services for interior finishes, making this industry relevant.
- Mergers and Acquisitions – This classification is relevant as the article discusses Lowe's acquisition of ADG, a significant transaction.
Financials
- Over $83 billion – Total fiscal year 2024 sales for Lowe's.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Lowe's Companies, Inc. | Bidding Company | Company | A leading home improvement company in the United States. |
| Artisan Design Group | Target Company | Company | A nationwide provider of design, distribution, and installation services for interior surface finishes. |
| Centerview Partners LLC | Lead Financial Advisor to Lowe's | Company | Provided financial advisory services to Lowe's during the acquisition. |
| Greenhill | Financial Advisor to Lowe's | Company | An affiliate of Mizuho, acting as a financial advisor to Lowe's. |
| Covington & Burling LLP | Legal Advisor to Lowe's | Company | Provided legal advisory services to Lowe's for the acquisition. |
| RBC Capital Markets | Lead Financial Advisor to ADG | Company | Served as the lead financial advisor for Artisan Design Group. |
| Goldman Sachs | Financial Advisor to ADG | Company | Provided financial advisory services to Artisan Design Group during the transaction. |
| Robert W. Baird | Financial Advisor to ADG | Company | Acted as a financial advisor to Artisan Design Group. |
| Latham & Watkins LLP | Legal Advisor to ADG | Company | Provided legal services to Artisan Design Group. |
| Marvin R. Ellison | Chairman, President and CEO | Person | Chairman, president, and CEO of Lowe's. |