Lowe's acquires FBM for $8.8B cash; expected close Q4 2025

LOWES COMPANIES INC

Deal: Lowe's acquires FBM for $8.8B in cash, expected to close in Q4 2025.
FBM: 2024 pro forma revenue $6.5B, adj. EBITDA $635M; 370+ locations across N.A.
Financing: $9B fully committed bridge loan; expects to fund with debt and maintain credit ratings.
Accretion: Expected to be accretive to adjusted diluted EPS in first full year post-close, ex-synergies.
Leadership: Ruben Mendoza to continue as FBM CEO; cross-selling with Lowe's and ADG.

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