Lowe’s Bets on Pro Market in Billion-Dollar ADG Acquisition - Barron's

1. Lowe's acquires Artisan Design Group for $1.33 billion in cash. 2. ADG specializes in interior finishes for contractors and generates $1.8 billion revenue. 3. Lowe's aims to grow its Pro business to compete with Home Depot effectively. 4. Home Depot's Pro sales are more balanced compared to Lowe's focus on DIY. 5. New home construction is projected to drive spending over the next decade.