Bed Bath & Beyond is continuing its expansion push, signing a letter of intent to acquire F9 Brands — the parent company of Lumber Liquidators, Cabinets To Go and other home improvement businesses — in a deal valued at nearly $150 million.
The transaction includes $37 million in cash and roughly 16 million shares of Bed Bath & Beyond stock, with the equity portion valued at about $107 million based on current pricing.
The acquisition is part of Bed Bath & Beyond’s strategy to build out its “Beyond Home Services” platform, aimed at covering the full lifecycle of homeownership, from product selection to installation and financing.
The move follows the company’s recent acquisition of The Container Store, with executives highlighting synergies between F9’s flooring and cabinetry brands and The Container Store’s Elfa storage systems and custom closet solutions.
CEO Marcus Lemonis said the combined portfolio will allow the company to offer integrated home solutions spanning storage, flooring, cabinets and installation services under a single platform.
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Bed Bath & Beyond plans to maintain standalone stores for Lumber Liquidators and Cabinets To Go, while also integrating F9 Brands’ offerings into the “Custom Spaces” sections of its newly rebranded retail locations.
The company will leverage more than 2.2 million square feet of retail space to create end-to-end project centres where customers can design, finance and complete home renovations.
F9 Brands generated approximately $522 million in net sales in fiscal 2025 and holds around $130 million in inventory. The deal also includes a potential $25 million earnout tied to future EBITDA performance.
Around $40 million in existing financing will roll into the transaction, which is expected to close after Bed Bath & Beyond’s shareholder meeting in May 2026, pending due diligence and regulatory approvals.
As part of the integration, F9 Brands CEO Jason Delves is set to lead the Beyond Home Services division and join Bed Bath & Beyond’s executive team, reinforcing the company’s push into higher-value home improvement and services.
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