Lowe’s Just Purchased a Big Texas Design Company for $1.3B

(Dallas, Texas) - The dream of most entrepreneurs is to grow their business beyond mom-and-pop status. That dream could be just big enough to be a regional hit, like Whataburger. That dream could be to go national or even global, which is why Whataburger sold to expand to more states.

It does make an entrepreneur proud when a bigger name shows interest in their company. It makes the entrepreneur even prouder when a bigger name wants to purchase their company.

Lowe's Makes a Billion-Dollar Purchase of a Dallas-Based Design Company

On Monday, April 14, Lowe's announced it would be acquiring Dallas-based Artisan Design Group for $1.33 billion (WFAA). Artisan Design Group specializes in the design, distribution, and installation of flooring, cabinets, and countertops to builders across the country.

Lowe's is making this purchase to expand their own distribution of home interior products and services.

Those who are members of the Lowe's Pro program will really benefit from this acquisition. Home construction is at an all-time high right now, with Lowe's believing this will help make them the leader in selling products to build those homes.

Lowe's Buys Dallas-based Artisan Design Group for $1.33 billion

Artisan Design Group started in 2016. The small company has grown fast with a combined total of 132 distribution, design, and service areas in 18 states. Their flooring, cabinets and countertops may end up in your future home when you use Lowe's.

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