Lowe’s to buy interior design company for $1.3 billion, expanding its pro market reach

Lowe’s has signed a definitive agreement to acquire Artisan Design Group for over $1.3 billion, the Mooresville-based home improvement company said Monday.

ADG will expand Lowe’s Pro service offerings with a new distribution channel, Lowe’s said. The deal is expected to close in Lowe’s second quarter, which is typically in late July or early August, following regulatory approvals.

ADG is a design, distribution and installation service provider for interior surface finishes, including flooring, cabinets and countertops for homebuilders and property managers.

The acquisition will better position Lowe’s to capitalize on the expected housing market recovery, Lowe’s said.

“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,” Lowe’s CEO Marvin Ellison said in a statement.

Lowe’s has been challenging rival Home Depot to capture more of the pro customer market share with perks and products. About 30% of Lowe’s sales come from professional customers, Ellison previously said.

Lowe’s operates has over 1,700 stores in the U.S. and about 300,000 employees, mostly hourly. Lowe’s has about 11,000 employees in the Charlotte region, including 5,000 corporate workers.

About ADG

ADG, based in Dallas, formed in 2016 with the merger of Floors Inc. and Malibu Floors, according to the company’s website. The company is owned by private equity firm The Sterling Group.

ADG’s fiscal 2024 revenue is $1.8 billion.

The company operates 132 distribution, design, and service facilities in 18 states and has over 3,200 employees.

This story was originally published April 14, 2025 at 9:25 PM with the headline "Lowe’s to buy interior design company for $1.3 billion, expanding its pro market reach."