Artisan Design Group
2025
$1.3B
Why
Adds design, distribution and installation of interior surface finishes for home builders and property managers, a fragmented market Lowe's sizes at $50 billion.
Lowe's Companies, Inc.
Home Improvement RetailFounded 1921- HQ today: Mooresville, North Carolina, United States
Reviewed by Swet Parvadiya
Company data updated: October 2026
Acquisitions
Lowe's Acquisitions
6
Major Deals Covered
$14.0B
Disclosed Deal Value
What are Lowe's's biggest acquisitions?
Lowe's's largest disclosed acquisition here is Foundation Building Materials for $8.8B in 2025. This page covers 6 major deals from 1999 to 2025, each with its price where disclosed and the reason behind it.
- Major deals covered
- 6
- Largest deal
- Foundation Building Materials ($8.8B)
- First deal
- 1999
- Most recent
- 2025
| Company | Year | Price | Purpose |
|---|---|---|---|
| Eagle Hardware & Garden | 1999 | $1.3B | Stock deal that added big-box home centers in the western U.S. and accelerated national expansion. |
| Orchard Supply Hardware (closed 2018) | 2013 | $205.0M | Acquired out of bankruptcy to add smaller-format California stores. |
| RONA (divested) | 2016 | $2.4B | Expansion into Canadian home improvement retail (about $2.3 billion (C$3.2 billion)). |
| STAINMASTER brand | 2021 | Undisclosed | Bought the consumer STAINMASTER brand from Invista to strengthen its private-label flooring and home products. |
| Artisan Design Group | 2025 | $1.3B | Adds design, distribution and installation of interior surface finishes for home builders and property managers, a fragmented market Lowe's sizes at $50 billion. |
| Foundation Building Materials | 2025 | $8.8B | Interior building-products distributor with 370+ branches in the U.S. and Canada, bought to serve large Pro customers in a $250 billion addressable market. |
- What companies has Lowe's bought?
- Major acquisitions by Lowe's documented here include Foundation Building Materials (2025), RONA (divested) (2016), Artisan Design Group (2025), Eagle Hardware & Garden (1999) and Orchard Supply Hardware (closed 2018) (2013).
- What is Lowe's most recent acquisition?
- The most recent Lowe's acquisition documented here is Artisan Design Group, in 2025, for $1.3B.
Foundation Building Materials
2025
$8.8B
Why
Interior building-products distributor with 370+ branches in the U.S. and Canada, bought to serve large Pro customers in a $250 billion addressable market.
Outcome
Closed October 9, 2025; FBM keeps its brand under founder and CEO Ruben Mendoza.
STAINMASTER brand
2021
Why
Bought the consumer STAINMASTER brand from Invista to strengthen its private-label flooring and home products.
RONA (divested)
2016
$2.4B
Why
Expansion into Canadian home improvement retail (about $2.3 billion (C$3.2 billion)).
Outcome
Lowe's sold its Canadian retail business to Sycamore Partners in 2023 for $400 million in cash plus performance-based deferred consideration.
Orchard Supply Hardware (closed 2018)
2013
$205M
Why
Acquired out of bankruptcy to add smaller-format California stores.
Outcome
Lowe's announced the closure of all 99 Orchard stores in 2018 under Marvin Ellison.
Eagle Hardware & Garden
1999
$1.3B
Why
Stock deal that added big-box home centers in the western U.S. and accelerated national expansion.
Lowe's Companies, Inc.'s Growth & Acquisition Strategy
Lowe's 'Total Home' strategy focuses on Pro penetration, online sales, home services, appliances and localized assortments. The 2025 deals extend that plan: ADG serves production home builders and property managers with design, distribution and installation of interior finishes, while FBM gives Lowe's a distribution network for drywall, metal framing, ceilings and insulation aimed at large Pro customers in what Lowe's calls a $250 billion addressable market. Stores continue to add Pro fulfillment, delivery and loyalty tools.
How Lowe's Companies, Inc. Makes Money
Lowe's runs a store-based retail model serving two customer groups. DIY homeowners buy paint, appliances, outdoor and seasonal goods, often through Lowes.com, where online sales grew 15.7% in Q2 2026. Pro customers (contractors, remodelers, property managers) buy repeatedly and in volume through Pro desks, the MVPs Pro Rewards program, job-site delivery and credit. Home services such as flooring, HVAC and cabinet installation add project revenue. Since 2025, Artisan Design Group (interior finishes installed for home builders) and Foundation Building Materials (drywall, ceilings and insulation distribution through 370+ branches) give Lowe's a direct line into large Pro and builder spending that stores alone did not reach.
Lowe's Acquisitions FAQ
What major corporate acquisitions has Lowe's completed throughout its history?
Notable deals include Eagle Hardware & Garden (1999, about $1.3 billion), Orchard Supply Hardware (2013, $205 million), Maintenance Supply Headquarters (2017), RONA (2016, about US$2.4 billion, sold in 2023), Artisan Design Group (2025, $1.325 billion) and Foundation Building Materials (2025, about $8.8 billion).
Why did Lowe's acquire Eagle Hardware & Garden in 1999?
Lowe's acquired Pacific Northwest-based Eagle Hardware & Garden for $1.3 billion to instantly secure 32 prime big-box retail locations across Washington, Oregon, California, and Alaska, accelerating Lowe's westward expansion against The Home Depot.
What was the strategic purpose of acquiring Maintenance Supply Headquarters in 2017?
Lowe's acquired Maintenance Supply Headquarters to dramatically expand its multi-family housing MRO (maintenance, repair, and operations) business, providing property managers with rapid delivery of commercial plumbing, electrical, and appliance parts.
What technology acquisitions has Lowe's made to boost digital capabilities?
Lowe's bought pricing-analytics startup Boomerang Commerce in 2019 to strengthen its pricing tools; most of its technology investment has been organic, including its move to cloud infrastructure.
What happened to Orchard Supply Hardware after Lowe's acquired it in 2013?
After acquiring California-based Orchard Supply Hardware out of bankruptcy in 2013 for $205 million, Lowe's operated the 99 smaller-format urban stores until 2018, when incoming CEO Marvin Ellison decided to close the chain to focus capital on core Lowe's stores.
Why did Lowe's acquire and later divest Canadian home improvement chain RONA?
Lowe's acquired Canada's RONA for $2.4 billion in 2016 to dominate Canadian home retail. However, complex multi-banner store formats and lower operating margins prompted CEO Marvin Ellison to divest the entire Canadian unit to Sycamore Partners in 2023.
How did acquiring specialized distribution assets improve Lowe's supply chain?
The 2025 FBM deal added more than 370 distribution branches and a contractor delivery network, giving Lowe's a direct channel to large Pros alongside its store-based fulfillment.
Does Lowe's actively pursue large-scale retail acquisitions today?
Lowe's returned to large M&A in 2025 with ADG and FBM, its biggest deal ever. The focus is Pro distribution and builder services rather than buying other retail chains.
What companies has Lowe's acquired?
Lowe's has a highly turbulent M&A history. In 2013, they bought Orchard Supply Hardware for $205 million, but by 2018, CEO Marvin Ellison brutally shut down all 99 stores because they were unprofitable. Similarly, they spent massive billions acquiring RONA to dominate the Canadian market, but completely sold off the entire Canadian business in 2022 to purely focus on the United States.
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