Bed Bath & Beyond has signed a Letter of Intent to acquire the equity interests and substantially all assets of F9 Brands, which owns Cabinets To Go, Lumber Liquidators, Gracious Home / Thos. Baker, and Southwind Building Products. The company said the deal will expand Beyond Home Services across cabinets, flooring, closets, installation, renovation and distribution.
The purchase price is nearly $150 million. It includes $37 million in cash and about 16 million shares of Bed Bath & Beyond common stock priced at $7.00 per share, for a transaction value of $107 million at the current market price. The seller and its management team also will be eligible for a one-time earnout of $25 million if F9 Brands reaches $20 million in EBITDA in any of the next five calendar years, subject to final terms.
F9 Brands generated about $522 million in net delivered sales in fiscal 2025 and has about $130 million of inventory on hand. Bed Bath & Beyond said $40 million of financing from an existing lender will roll into the deal.
The company expects the acquisition to extend its home services business beyond installation and storage into kitchens, flooring and custom storage. It said the combined platform will bring together category brands, installation services and financing options, including credit cards, home equity lines of credit and credit union programs.
In addition to Cabinets To Go and Lumber Liquidators stores, Bed Bath & Beyond customers will be able to access F9 Brands products and services through the Custom Spaces section of The Container Store and Bed Bath & Beyond stores. The company said it will use more than 2.2 million square feet of retail space for home project centers where customers can design, finance, buy and install home products.
Jason Delves is set to serve as chief executive officer of Beyond Home Services and join Bed Bath & Beyond’s executive leadership team. He has led F9 Brands since 2019, during which the business grew from $145 million to $522 million in sales, the company said.
The transaction is scheduled to close after Bed Bath & Beyond’s annual shareholder meeting in May 2026, subject to due diligence, definitive agreements and any required regulatory approvals.
