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Lowe's Completes Acquisition of Artisan Design Group
LOWLowe's(LOW) Prnewswire·2025-06-02 20:15

Core Viewpoint - Lowe's Companies, Inc. has successfully completed the acquisition of Artisan Design Group (ADG), enhancing its position in the home improvement market and expanding into a 50billionmarketsegment[1][2].CompanyOverview−Lowe′sisaFORTUNE®100homeimprovementcompanywithover1,700storesandapproximately300,000employees,servingaround16millioncustomertransactionsweekly[4].−Thecompanyreportedtotalsalesexceeding50 billion market segment [1][2]. Company Overview - Lowe's is a FORTUNE® 100 home improvement company with over 1,700 stores and approximately 300,000 employees, serving around 16 million customer transactions weekly [4]. - The company reported total sales exceeding 83 billion for the fiscal year 2024 [4]. Acquisition Details - The acquisition of ADG, a leading provider of design, distribution, and installation services for interior surface finishes, is expected to accelerate Lowe's growth in Pro planned spend and expand its distribution channels [2]. - ADG has established a strong reputation in the industry, achieving high customer satisfaction scores from top homebuilders [2]. Advisory Information - Centerview Partners LLC and Greenhill are acting as financial advisors to Lowe's, while RBC Capital Markets, Goldman Sachs, and Robert W. Baird are advising ADG [3].