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From Home Furnishing Business
Bed Bath & Beyond, Inc. Shapes Home Services Company with Acquisition
April 9,
2026 by Karen Parrish in Business Strategy, Industry 
Bed Bath & Beyond, Inc., owner of Bed Bath & Beyond, Overstock, buybuy BABY, Kirkland’s, and a blockchain asset portfolio, 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
This anticipated acquisition represents a shift from traditional retail into higher ticket, higher margin, project-based categories including kitchens, flooring, and custom storage. By combining product, installation, and financing into a single experience, the Company believes it can increase average transaction size, average transaction margin, and customer lifetime value.
“With the anticipated addition of Lumber Liquidators and Cabinets To Go to Elfa and Closet Works, Beyond Home Services is established with the brands, the capabilities, and the team to serve the homeowner from concept to completion. Each brand owns a distinct category—modular storage systems, custom closets, flooring, cabinets and countertops, carpet and hard surface flooring distribution—and together with our installation services and field sales organization, we can take the homeowner through the full lifecycle of a renovation, all under one platform,” said Marcus Lemonis, Executive Chairman and CEO of Bed Bath & Beyond.
In addition to the standalone Cabinets To Go and Lumber Liquidators stores, BBBY customers will have access to F9 Brands’ products and services through the Custom Spaces section of The Container Store / Bed Bath and Beyond stores. The Company will leverage more than 2.2 million square feet of retail space to create full-service home project centers where customers can design, purchase, finance, and install complete home solutions.
F9 Brands generated approximately $522 million in 2025. The Company expects value creation through higher ticket categories, improved margins, and distribution leverage. Additional long-term upside is anticipated through sales growth driven by the activation of the existing BBBY customer base, enhanced margin performance resulting from increased purchasing power, and meaningful cost savings achieved through improved operational efficiency.
Jason Delves is set to serve as Chief Executive Officer of Beyond Home Services and join the executive leadership team of BBBY. Mr. Delves has served as President and CEO of F9 Brands since 2019. Under his leadership the business has grown organically and through acquisitions from $145 million to $522 million in sales. Prior to joining F9 Brands, Mr. Delves was the President and CEO of a flooring manufacturer and distributor for 18 years.