M&A Deal Summary

Lowe s Acquires Artisan Design Group

On April 14, 2025, Lowe s acquired building materials company Artisan Design Group from The Sterling Group and Constitution Capital Partners for 1.3B USD

Acquisition Highlights
  • This is Lowe s’ 1st transaction in the Building Materials sector.
  • This is Lowe s’ 3rd largest (disclosed) transaction.
  • This is Lowe s’ 7th transaction in the United States.
  • This is Lowe s’ 2nd transaction in Texas.

M&A Deal Summary

Date 2025-04-14
Target Artisan Design Group
Sector Building Materials
Buyer(s) Lowe s
Sellers(s) The Sterling Group
Constitution Capital Partners
Deal Type Add-on Acquisition
Deal Value 1.3B USD
Advisor(s) RBC Capital Markets
Goldman Sachs (Financial)
Latham & Watkins (Legal)

Target

Artisan Design Group

Dallas, Texas, United States
Artisan Design Group is a dealer of flooring products and services, providing design, procurement, installation and quality control of flooring and complimentary products for homebuilders. Artisan Design Group was founded in 2016 and is based in Dallas, Texas.

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Buyer(S) 1

Buyer

Lowe s

Mooresville, North Carolina, United States

Category Company
Founded 1921
Sector Retail
Employees161,000
Revenue 83.7B USD (2025)
DESCRIPTION
Lowe's Companies' corporate headquarters in Mooresville, North Carolina.
Lowe's Companies' corporate headquarters in Mooresville, North Carolina.

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


DEAL STATS #
Overall 9 of 10
Sector: Building Materials M&A 1 of 1
Type: Add-on Acquisition M&A Deals 6 of 7
State: Texas M&A 2 of 2
Country: United States M&A 7 of 8
Year: 2025 M&A 1 of 2
Size (of disclosed) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-03 RONA

Boucherville, Quebec, Canada

RONA is a retailer and distributor of hardware, building materials and home renovation products. RONA was founded in 1939 and is based in Boucherville, Quebec.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-08-20 Foundation Building Materials

Santa Ana, California, United States

Foundation Building Materials is a specialty building products distributor of gypsum wallboard, suspended ceiling systems, metal framing, insulation, and complementary products throughout North America. Foundation Building Materials was founded in 2011 and is based in Santa Ana, California.

Buy $8.8B

Seller(S) 2

SELLER

The Sterling Group

Houston, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1982
PE ASSETS 9.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Sterling Group is a private equity firm focused on acquiring middle-market businesses within basic manufacturing, industrial services, and distribution. Sterling looks for companies valued from $100 to $1000 million with positive cash-flow, strong market positions, and potential to grow. Sterling avoids investments in financial services, real estate, healthcare, or information technology companies. The Sterling Group was formed in 1982 and is based in Houston, Texas.


DEAL STATS #
Overall 34 of 36
Sector: Building Materials M&A 4 of 4
Type: Add-on Acquisition M&A Deals 5 of 5
State: Texas M&A 6 of 6
Country: United States M&A 31 of 33
Year: 2025 M&A 2 of 4
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-30 Frontline Road Safety Group

Denver, Colorado, United States

Frontline Road Safety Group provides pavement marking services in the United States. It offers a full range of pavement marking and specialty services to meet the needs of prime contractors, governmental agencies, and the public. Frontline Road Safety Group was founded in 2020 and is based in Denver, Colorado.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-05-13 PowerGrid Services

Hartselle, Alabama, United States

PowerGrid Services is a utility services business providing repair and maintenance services for distribution, transmission, and substation infrastructure. PowerGrid Services is based in Hartselle, Alabama.

Sell -
SELLER

Constitution Capital Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2008
PE ASSETS 6.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Constitution Capital Partners is a private equity and asset management firm focused on opportunities throughout North America. Constitution Capital typically invests in private equity partnerships, however the Firm also makes direct private equity and credit investments. Constitution Capital Partners does not have any sector preferences. Constitution Capital Partners was formed in 2008 and is headquartered in Andover, Massachusetts.


DEAL STATS #
Overall 31 of 33
Sector: Building Materials M&A 1 of 1
Type: Add-on Acquisition M&A Deals 16 of 18
State: Texas M&A 6 of 6
Country: United States M&A 28 of 30
Year: 2025 M&A 2 of 4
Size (of disclosed) 2 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-08 Simple Mills

Chicago, Illinois, United States

Simple Mills offers more than 30 baking mixes, crackers, cookies, bars and frostings that are free of gluten, grain, dairy, soy, GMOs, excessive sugar, gums, emulsifiers, and anything artificial. All products are made exclusively with real, whole-food ingredients like nutrient-dense almond flour, unrefined coconut sugar and sprouted seeds that work hard for the body in every bite while delivering taste that regularly earns five-star ratings from customers. Simple Mills was founded in 2012 and is based in Chicago, Illinois.

Sell $795M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-06-02 Maple Donuts

York, Pennsylvania, United States

Maple Donuts produces frozen bakery products for in-store and foodservice bakery programs across the nation. Maple Donuts was formed in 1946 and is based in York, Pennsylvania.

Buy -