Transaction Will Extend Beyond Home Services Across Cabinets, Flooring, and Distribution, Advancing End to End Homeownership Ecosystem

Bed Bath & Beyond, Inc. (NYSE:BBBY) ("Bed Bath & Beyond" or the "Company"), owner of Bed Bath & Beyond, Overstock, buybuy BABY, Kirkland's, and a blockchain asset portfolio, today announced that it has signed a Letter of Intent to acquire the equity interests and substantially all assets of F9 Brands, Inc., which owns and operates Cabinets To Go, Lumber Liquidators, Gracious Home / Thos. Baker, and Southwind Building Products.

This transaction will represent an additional step in further building a national, fully integrated home services platform under Beyond Home Services. We believe these assets, including Elfa and Closet Works, will expand the Company's ability to serve customers across the full lifecycle of homeownership, from design and product selection to installation and financing.

Beyond Home Services will combine category leading brands across cabinets, flooring, closets, and distribution with installation services, financing solutions, and a growing retail footprint, positioning Bed Bath & Beyond to participate in larger, higher frequency home projects with increased customer lifetime value.

Transaction Highlights:

  • Beyond Home Services will include distinct category leaders across storage, closets, cabinets, flooring, installation, renovation, and distribution
  • Headline purchase price of nearly $150 million comprised of $37 million in cash and approximately 16 million shares of BBBY common stock at $7.00 per share, representing a transaction value of $107 million at the current market price
  • Seller and its management team will be entitled to a one-time earnout of $25 million if F9 Brands achieves $20 million in EBITDA in any of the next five calendar years, subject to negotiation of final terms
  • F9 Brands generated approximately $522 million in net delivered sales in fiscal 2025
  • F9 Brands currently has approximately $130 million of inventory on hand
  • $40 million of financing from existing lender will roll into the deal
  • Integrated financing solutions including credit cards, HELOC, and credit union programs
  • Jason Delves to serve as CEO of Beyond Home Services
  • Transaction expected to close after the Company's annual shareholder meeting in May 2026 and customary due diligence, definitive documentation, and regulatory approvals if needed