Lowe’s completes $1.32 billion purchase of home pro service provider

Lowe’s has purchased Artisan Design Group (ADG).

Lowe’s Companies Inc. is expanding the services it offers home builders and property managers.

The home improvement giant has completed its previously announced acquisition of Artisan Design Group (ADG), a nationwide provider of design, distribution and installation services for interior surface finishes to home builders and property managers, for $1.32 billion.

[READ MORE: Lowe’s bets big on home improvement professionals]

With fiscal 2024 revenue of approximately $1.8 billion, ADG has a national network of over 3,200 specialized installers and long-standing relationships with single-family and multifamily homebuilders as well as property managers. 

Based in Dallas, ADG operates 132 distribution, design, and service facilities in 18 states. Lowe’s is financing the acquisition with cash on hand

The deal comes as Lowe’s has been focused on enhancing its Pro business, including rolling out an updated version of its Pro loyalty program. The enhanced program offers new features and functions that Lowe’s says are often used by industry professionals, such as access to merchandise, sports memorabilia, gift cards to support their business, volume discounts, and business tools.