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Purchased from private equity firms american securities and clayton, dubilier & rice for $8.8 billion, fbm is expected to enhance lowe’s offering to pro customers. That blockbuster deal showcased how aggressively the two home improvement giants are investing in their pro customer bases. This week, lowe's announced that it had officially completed its acquisition of artisan design group for just over $1.3 billion.
With professional customers comprising approximately 30% of lowe's business compared to home depot's commanding 50% share, the acquisition directly addresses a competitive gap that has persisted for decades in the $1.8 trillion construction industry. In 2024, home depot made headlines when it acquired srs distribution, a major supplier for professionals, for $18.25 billion Recently, lowe’s has announced that it will purchase artisan design group (adg), an interior design and installation firm, to further its business growth
This is to directly compete with home depot, who made its largest acquisition in its history when they bought srs distribution in 2024.
Made a splash wednesday with its announcement of an $8.8 billion cash deal to buy foundation building materials — an acquisition that comes less than two months after. In a bold move and a strong strategic step, lowe’s has announced that they had bought maintenance supply headquarters’ parent company, adg (asset development group), for over a billion dollars. Home depot’s acquisition of srs distribution, a leading building materials supplier, and lowe’s purchase of artisan design group, a powerhouse in interior design and installation services, underscore the escalating arms race between these two retailers. American securities and clayton dubilier & rice have exited foundation building materials, a distributor of interior building products, to lowe’s in a deal valued at $8.8 billion.
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