Lowe s - M&A Summary and Business Overview

RetailCompany

Lowe s M&A Summary

Lowe s has acquired 8 companies, including 2 in the last 5 years. It has also divested 3 assets.

Lowe s’ largest acquisition to date was in 2016, when it acquired RONA for $2.4B. It’s largest disclosed sale occurred in 2022, when it sold Lowe s Companies - Canadian Retail Business to Sycamore Partners for $400M. Lowe s has acquired in 4 different US states, and 3 countries. The Company’s most targeted sectors include retail (50%) and apparel/textiles (13%).

Lowe s Business Overview

Where is Lowe s headquartered?

Lowe s is headquartered in Mooresville, North Carolina.

What is Lowe s’ revenue?

Lowe s disclosed revenue of 96,250M USD for 2022 and 89,597M USD for 2021.

What sector is Lowe s in?

Lowe s is a retail company.

When was Lowe s founded?

Lowe s was founded in 1921.

M&A Summary

  • M&A Total Activity11
    • M&A Buy Activity8
    • M&A Sell Activity3
  • Total Sectors Invested 5
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 3
  • M&A Advisors 5

Lowe's

Lowe's Companies, Inc.

1000 Lowe's Boulevard,
Mooresville, North Carolina 28117
United States,
(704) 758-1000
www.lowes.com

Lowe's is a home improvement retailer with more than 1,800 locations across the US, Canada, and Mexico. Lowe's was formed in 1921 and is based in Mooresville, North Carolina.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 7 - 1 - - - 8
vol $3.1B $3.1B
Sell (0.4/yr) # 1 - - 1 1 - 3
vol $400M $400M
  11

Most Recent M&A

Company Date Value Type
RONA, Inc. 2023-02-03 - Divestiture
Boucherville, Quebec · www.rona.ca
Lowe's Companies, Inc. - Canadian Retail Business 2022-11-03 400M USD Divestiture
Boucherville, Quebec
Stainmaster 2021-04-22 - Add-on Acquisition
Kennesaw, Georgia · www.stainmaster.com
Boomerang Commerce, Inc. - Retail Analytics Platform 2019-05-20 - Divestiture
Mountain View, California
Alacrity Renovation Services LLC 2019-03-29 - Divestiture
Eugene, Oregon · www.alacrityservices.com
Maintenance Supply Headquarters 2017-05-18 512M USD Add-on Acquisition
Houston, Texas · www.supplyhq.com
RONA, Inc. 2016-02-03 2.4B CAD Add-on Acquisition
Boucherville, Quebec · www.rona.ca
Orchard Supply Hardware Stores Corp. 2013-08-20 205M USD Special Situations/Distressed
San Jose, California · www.osh.com
Allied Trade Group, Inc. 2011-12-29 - Add-on Acquisition
Kirkland, Washington · www.alliedtradegroup.com
Carboxy Pty Ltd. 2009-11-02 - Joint Venture
Bella Vista, Australia
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Retail 4 (50%) 2.6B (84%) 2 (67%) 400M (100%)
Apparel/Textiles 1 (13%) - - -
Business Services 1 (13%) - - -
Distribution 1 (13%) 512M (16%) - -
Software 1 (13%) - - -
Construction - - 1 (33%) -
Total 8 $3.1B 3 $400M

By Geo

State/Country Buy Value Sell Value
United States 6 717M 1 -
  Washington 2 - - -
  California 2 205M - -
  Texas 1 512M - -
  Georgia 1 - - -
  Oregon - - 1 -
Canada 1 2.4B 2 400M
  Quebec 1 2.4B 2 400M
Australia 1 - - -
Domestic 6 (75%) 717M (23%) 1 (33%) -
Cross-border 2 (25%) 2.4B (77%) 2 (67%) 400M (100%)
Total 8 $3.1B 3 $400M

Top M&A Advisors

Financial Deals
Goldman Sachs
3
CIBC Capital Markets
1
Legal Deals
Hunton & Williams LLP
3
Stikeman Elliott LLP
2
Cleary Gottlieb Steen & Hamilton
1

Deal Values

buy # Total
> $1B 1 $2.4B
$100M to $1B 2 $717M
TOTAL $3.1B
Largest RONA, Inc.
$2.4B (2016-02-03)
sell # Total
$100M to $1B 1 $400M
TOTAL $400M
Largest Lowe's Companies, Inc. - Canadian Retail Business
$400M (2022-11-03)

M&A Connections

Deals
Acquired from
Strategic(s)
13%
1 (13%)
Divested to
Investor(s)
67%
2 (67%)
Strategic(s)
33%
1 (33%)

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