Lowes Acquiring ADG for $1.33 Billion in Bid to Claw Market Share from Competitor Home Depot

Lowe’s Cos. Inc. is making a $1.325 billion acquisition aimed at expanding its Pro business.

The Mooreville-based home-improvement giant said Monday afternoon that it has reached a deal to purchase Dallas, Texas-based Artisan Design Group, which provides design, distribution and installation services of interior finish products to homebuilders and property managers. The deal was announced after market close.

ADG is a portfolio company of The Sterling Group, a middle-market private equity firm based in Houston.

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