Lowe’s Now Buying Famous Texas Company For Over $1 Billion

Coppell, Texas is a Dallas and Fort Worth suburb just east of D/FW Airport, and the headquarter, at least up until now, for a design company that was recently named among the fastest growing privately owned businesses in the country by INC. We are constantly reminded how much the state of Texas is booming right now with massive population and economic growth, but the entire United States continues to grow too and that means the need for more housing will climb at a comparable rate.

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Lowe's Now Buying Famous Texas Company For Over $1 Billion

Artisan Design Group was founded less than ten years ago, and specializes in finishing new builds and remodels for both residential and commercial properties by handling all the creature features like flooring, cabinets, and countertops. Lowe's has agreed to acquire this company for around $1 and 1/3 billion in cash with hopes of growing ADG's reach from half of the country to providing services for the other 25 states.

Closing on the sale should be completed by the end of the second quarter, and most likely pushes Lowe's even farther into the pro purchasing industry.

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I do not know if going to Lowe's will soon feel like meandering an IKEA with all kinds of new design models, but for the right price you will most likely be able to purchase all of your DIY steps in one stop.