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Home News Crypto

Lowe’s Acquires Artisan Design Group for $1.33 Billion to Boost Pro Contractor Business

by Team Lumida
April 15, 2025
in Crypto
Reading Time: 4 mins read
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Key Takeaways:

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  • Lowe’s is acquiring Artisan Design Group (ADG) for $1.33 billion in cash to strengthen its professional contractor (Pro) business and compete with Home Depot.
  • ADG specializes in designing, delivering, and installing interior finishes like flooring, cabinets, and countertops, generating $1.8 billion in revenue in fiscal 2024.
  • The acquisition is expected to expand Lowe’s total addressable market by $50 billion, with new-home construction driving Pro spending over the next decade.
  • Lowe’s Pro sales currently account for 30% of its revenue, lagging behind Home Depot’s 50/50 split between Pro and DIY sales.

What Happened?

Lowe’s announced the acquisition of Artisan Design Group (ADG), a private-equity-owned company specializing in interior finishes, for $1.33 billion in cash. The move is part of Lowe’s strategy to grow its Pro contractor business, which has historically lagged behind its rival Home Depot.

ADG, owned by Sterling Group, generated $1.8 billion in revenue in fiscal 2024 and provides services such as flooring, cabinet, and countertop installations for contractors. The acquisition is expected to close in the second quarter of 2025.

Lowe’s CEO Marvin Ellison highlighted the long-term growth potential of the Pro market, citing the need for 18 million new homes in the U.S. by 2033 as a key driver of Pro spending. The acquisition is projected to expand Lowe’s total addressable market by $50 billion.


Why It Matters?

The Pro contractor market is a lucrative and reliable revenue stream for home improvement retailers, as it is less cyclical than the do-it-yourself (DIY) segment. Lowe’s has been working to grow its Pro business, which currently accounts for 30% of its sales, compared to Home Depot’s more balanced 50/50 split between Pro and DIY.

This acquisition positions Lowe’s to better compete with Home Depot, which made its own major Pro-focused acquisition last year by purchasing SRS Distribution for $18.25 billion. By acquiring ADG, Lowe’s aims to capture a larger share of the Pro market, which is expected to outpace DIY growth in the coming years.

The move also reflects broader trends in the home improvement industry, where companies are increasingly targeting professional contractors to drive growth amid a flat DIY market.


What’s Next?

The acquisition of ADG is expected to close in Q2 2025, with Lowe’s focusing on integrating the company’s operations to enhance its Pro offerings. Investors will monitor how effectively Lowe’s leverages ADG’s capabilities to capture market share from Home Depot.

With new-home construction projected to drive Pro spending over the next decade, Lowe’s will likely continue investing in its Pro business to capitalize on this trend. The company’s ability to execute its Pro-focused strategy will be critical to its long-term growth and competitiveness in the home improvement sector.

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© 2025 Lumida Wealth Management LLC is an SEC registered investment adviser. Privacy Policy. Cookies Policy.
Disclaimer Important Information This site is for informational purposes only. Information presented on this site does not constitute as investment advice.

Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability.

Lumida's website (referred to herein as the "Website") is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of the Website on the Internet should not be construed by any client and/or prospective client Lumida’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet.

Any subsequent, direct communication by Lumida with a prospective client will be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides.

‍Lead Capture Forms: By submitting your contact information in the forms on this site, you are not obligated to invest in Lumida's product or services.
‍Address: Lumida Wealth Management, 25 W 39th Street Suite 700, New York, NY 10018