Lowe's Completes Acquisition Of Artisan Design Group

Lowe's Companies, Inc. (NYSE: LOW) today announced it has completed its previously announced acquisition of Artisan Design Group ("ADG"), a leading nationwide provider of design, distribution and installation services for interior surface finishes to home builders and property managers. 

"We are pleased to complete this transaction and officially welcome the talented ADG team to Lowe's. ADG has built an industry-leading position through consistent execution and outstanding customer service, earning strong customer satisfaction scores from the top homebuilders," said Marvin R. Ellison, Lowe's chairman, president and CEO. "This acquisition positions us to accelerate our growth in Pro planned spend and expand into an adjacent distribution channel in a highly fragmented, approximately $50 billion market."

Advisors
Centerview Partners LLC is acting as lead financial advisor to Lowe's. Greenhill, a Mizuho affiliate, is also acting as financial advisor to Lowe's. Covington & Burling LLP is acting as legal advisor to Lowe's. RBC Capital Markets is acting as lead financial advisor to ADG. Goldman Sachs and Robert W. Baird are also acting as financial advisors to ADG. Latham & Watkins LLP is acting as legal advisor to ADG.

Source : Lowe's 

Image : Lowe's

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