Lowe’s

Lowe's has been a key player in the home improvement retail sector for over 60 years, having been founded in 1946 in North Carolina. Originally a small hardware store, it has grown to become the second-largest home improvement retailer in the world. The company's founder, Carl Buchan, recognized the potential for growth during the post-World War II building boom and strategically eliminated wholesalers by sourcing directly from manufacturers, which helped establish a reputation for low prices. Over the years, Lowe's expanded its footprint across the United States and into Canada and Mexico. Despite the changes in the retail landscape, Lowe's remains dedicated to providing high-quality home improvement products at competitive prices, while emphasizing superior customer service.

Adam Filipponi

Senior Vice President, Financial Planning and Analysis

Christopher Langford

Director of Corporate Venture Capital

17 past transactions

Artisan Design Group

Acquisition in 2025
Artisan Design Group specializes in flooring products and services, serving the construction market with a comprehensive range of offerings. The company acts as a dealer, providing design, procurement, installation, and quality control for flooring and complementary products tailored for homebuilders. In addition to flooring, Artisan Design Group also supplies countertops, window coverings, cabinets, tiles, and various related building materials, ensuring clients have access to a diverse selection of customized products at competitive prices.

North Carolina Central University

Grant in 2022
North Carolina Central University (NCCU), established in 1910, is a historically black college located in Durham, North Carolina. It has built a strong reputation for its commitment to academic excellence, research, and cultural awareness. NCCU offers over 100 programs across nearly 30 academic departments, providing both undergraduate and graduate degrees. Notable offerings include unique programs such as a master’s degree in Jazz Studies and a bachelor’s degree in Apparel Design, alongside joint graduate programs in law and business. The university actively promotes diversity, welcoming students of all races and ethnicities, and provides various financial aid options, including institutional scholarships and need-based government programs. With a focus on preparing students for success in a global marketplace, NCCU continues to play a vital role in higher education and community development.

Queens University of Charlotte

Grant in 2022
Queens University of Charlotte, founded in 1857 and rooted in Presbyterian heritage, is a non-profit educational institution located in Charlotte, North Carolina. The university offers a diverse range of academic programs, including associate's, bachelor's, and graduate degrees, as well as certificate and continuing education courses. With a focus on student support, Queens maintains a low student-teacher ratio and provides flexible scheduling options, including evening classes. The university encourages student involvement through over 40 organizations and clubs, including Greek Life, and offers residential options for those wishing to live on campus. Additionally, Queens promotes experiential learning through internships and study abroad opportunities. The university employs a rolling admissions process and prioritizes scholarship funding for early applicants. Financial aid is available through various sources, including state aid and federal programs. Located near cultural attractions, Queens University enriches the educational experience by blending academic rigor with community engagement and personal development.

StainMaster

Acquisition in 2021
StainMaster is a company based in Fairfax, Virginia, that specializes in designing home products that withstand everyday challenges. The brand offers a diverse range of flooring solutions, including carpets and hard flooring, as well as home cleaning products. StainMaster focuses on providing both soft and durable options to cater to various consumer needs, ensuring that their products are suitable for daily use in residential environments.

Boomerang Commerce's Retail Analytics Platform

Acquisition in 2019
Boomerang Commerce's Retail Analytics Platform operates a suite of retail analytics products and services. The platform provides a retail analytics solution that processes product and pricing datasets to convert them to insights and actions. It provides data-driven insights to help retailers optimize pricing, promotions, and assortment strategies. It utilized machine learning to analyze market trends, competitor pricing, and customer behavior, enabling businesses to make informed decisions. The platform offered real-time pricing intelligence and automation tools to improve profitability and maintain competitive positioning. Its capabilities supported e-commerce and brick-and-mortar retailers in managing dynamic pricing and merchandising more effectively.

Boomerang Commerce

Acquisition in 2019
Boomerang Commerce is a technology company that provides a software-as-a-service (SaaS) platform designed to help omni-channel retailers optimize revenue and margin growth through advanced pricing strategies. The company leverages machine learning and real-time data analytics to analyze, test, and implement smart pricing solutions across millions of products, including private labels. Boomerang's client base includes prominent retailers such as Staples and OfficeDepot, as well as web-only platforms like Groupon Goods. The platform has demonstrated significant financial impact, generating an estimated $40 million in incremental revenue and $9 million in incremental margins for every $1 billion in revenue processed. Founded by industry veterans with experience from major companies, Boomerang has received recognition as a Gartner Cool Vendor in Digital Commerce and is listed among the top 50 big data companies globally.

Maintenance Supply Headquarters

Acquisition in 2017
Maintenance Supply Headquarters, LP is a wholesale distributor specializing in maintenance products for the multi-family industry. The company offers a comprehensive range of over 5,300 products, including appliance parts, HVAC equipment, plumbing supplies, janitorial products, and various hardware items. Incorporated in 2006 and headquartered in Stafford, Texas, Maintenance Supply Headquarters has expanded its reach with locations across several states, including Georgia, Texas, Indiana, Ohio, North Carolina, Washington, Nevada, Arizona, California, and Florida. The company is dedicated to providing timely and accurate service to its clients, leveraging years of experience in the multi-housing sector to meet the needs of property owners and managers. As of 2017, it operates as a subsidiary of Lowe's Companies, Inc.

Central Wholesalers

Acquisition in 2017
Central Wholesalers, LLC is a distributor of apartment and building maintenance supplies, primarily serving the multifamily housing industry in the Mid-Atlantic region. Founded in 1981 and based in Laurel, Maryland, the company offers a comprehensive range of products, including plumbing equipment, electrical fittings, janitorial goods, and various building supplies. In addition to these products, Central Wholesalers provides services such as tub and countertop refinishing, cabinet refinishing, and apartment renovation. The company also designs and manufactures kitchen cabinets, vanities, custom blinds, and screens. To support maintenance professionals, Central Wholesalers offers training classes and an inventory control program. With additional locations in New Jersey, Virginia, Pennsylvania, and North Carolina, the company also sells its products online, ensuring accessibility to a broader customer base.

RONA

Acquisition in 2016
RONA is a prominent Canadian retailer and distributor of hardware, building materials, and home renovation products, established in 1939. The company caters to both home improvement and construction projects, operating a network of corporate and independently affiliated dealer stores. RONA provides a diverse selection of products, including those for roofing, fashion plumbing, bathrooms, ventilation, and HVAC applications. By offering a variety of durable and affordable solutions, RONA effectively meets the needs of its customers in the home renovation market.

GoldenKey

Venture Round in 2015
GoldenKey, Inc. operates a community platform that connects home buyers and sellers with a nationwide network of real estate agents, facilitating a more efficient home buying and selling process. The company offers an interactive online marketplace where consumers can search for homes and benefit from a commission-free model that allows them to receive rebates on their purchases. By leveraging technology, GoldenKey transforms traditional real estate transactions into on-demand services, enabling buyers and sellers to work closely with agents who act as allies in their real estate journeys. Founded in 2015 and based in Durham, North Carolina, GoldenKey was previously known as SoloPro, Inc. and rebranded in September 2016. It operates as a subsidiary of Landis Technologies Inc.

Keen Home

Venture Round in 2015
Keen Home Inc. is a developer of home automation products based in New York City, established in 2013. The company specializes in innovative solutions that enhance residential comfort and efficiency through its smart HVAC devices. Key offerings include the Smart Vent, which wirelessly controls airflow on a room-by-room basis; the Temp Sensor, which monitors temperature and humidity; and the Smart Bridge, which integrates and manages the entire Keen zoning system. Additionally, the Ecovent Whole Home System optimizes airflow throughout the home, while the Smart Filter protects against allergens and pollutants. Keen Home’s products are compatible with various smart home platforms and are supported by a mobile app that allows users to manage their home environment effectively. The company aims to provide homeowners with improved living conditions and proactive maintenance of their home systems.

Canopy Lawn Care

Seed Round in 2015
Canopy Lawn Care, Inc. is a landscaping company headquartered in Cary, North Carolina, that specializes in providing comprehensive lawn maintenance services to homeowners. Founded in 2014, the company employs a technology-driven approach to enhance customer and employee experiences while streamlining operations. Canopy offers a variety of services, including weed control, fertilization, aeration, over seeding, bed maintenance, pruning, and mosquito management, among others. The company emphasizes environmentally responsible practices and science-based methods to improve soil health, ensuring that clients receive lush and healthy lawns.

Decorist

Seed Round in 2015
Decorist, Inc. is an online interior design platform that offers personalized home design services and products. Founded in 2012 and based in San Francisco, California, the company enables users to create their ideal spaces within their budget by completing a style profile and receiving tailored design assistance. Decorist stands out by providing a fully virtual design experience, allowing customers to share inspiration and feedback without the need for in-person consultations. This innovative approach connects consumers with accessible design solutions, making home decor more convenient and user-friendly. As of March 2017, Decorist operates as a subsidiary of Bed Bath & Beyond Inc.

Porch

Series B in 2015
Porch.com, Inc. operates an online platform designed to connect homeowners with local home repair services and facilitate the arrangement of installation services for products purchased through e-commerce channels. Founded in 2011 and based in Seattle, Washington, the company provides a range of services to enhance the homeownership experience. Its offerings include a moving concierge service that assists homebuyers in navigating essential services such as insurance, security, and internet services, thereby streamlining the moving process. Furthermore, Porch provides software solutions tailored for home service providers, including tools for inspections and mortgage services, supporting various aspects of home management and improvement. The company also maintains a strategic partnership with Cinch Home Services Inc., enhancing its service offerings in the home services sector.

Porch

Series A in 2014
Porch.com, Inc. operates an online platform designed to connect homeowners with local home repair services and facilitate the arrangement of installation services for products purchased through e-commerce channels. Founded in 2011 and based in Seattle, Washington, the company provides a range of services to enhance the homeownership experience. Its offerings include a moving concierge service that assists homebuyers in navigating essential services such as insurance, security, and internet services, thereby streamlining the moving process. Furthermore, Porch provides software solutions tailored for home service providers, including tools for inspections and mortgage services, supporting various aspects of home management and improvement. The company also maintains a strategic partnership with Cinch Home Services Inc., enhancing its service offerings in the home services sector.

Orchard Supply Hardware Stores

Acquisition in 2013
Orchard Supply Hardware, founded in 1931 in the Santa Clara Valley, originated from a cooperative effort among 30 farmers, primarily prune growers, who sought to alleviate the economic challenges of the time by collectively purchasing farm supplies. The company operates a chain of retail stores in the United States, offering a diverse range of products that include hardware, gardening supplies, housewares, and farm-related items such as picking pails, orchard ladders, sprays, and fertilizers. Orchard Supply Hardware aims to provide affordable hardware solutions to its customers, continuing its legacy of cooperative buying and community support.

ATG

Acquisition in 2011
ATG Stores launched its first website - LightingUniverse.com - in 1999 as part of a business plan intended to help people quickly source lighting products for residential and commercial use. Today, that philosophy has helped us grow into a company with a selection of some 3 million products from more than 3,000 name-brand manufacturers in 16 product categories that include Furniture, Plumbing, Hardware, Outdoor Living and Sporting Goods. In 2011, Lowe's acquired ATG Stores as an independent, wholly owned subsidiary that continues to thrive as a stand-alone company - only now customers have access to their vast product selection at more than 1,700 Lowe's retail locations as well as on the Lowes.com website.
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