The Sterling Group Agrees to Sell Artisan Design Group to Lowe's Companies, Inc.
The Sterling Group ("Sterling"), a middle market private equity firm, announced today that it has agreed to sell Artisan Design Group ("ADG" or the "Company") to Lowe's Companies, Inc. (NYSE: LOW) for $1.325 billion. ADG is a leading nationwide provider of design, distribution and installation services for interior surface finishes, including flooring, cabinets and countertops, to national, regional, and local homebuilders and property managers.