Bed Bath & Beyond acquires Lumber Liquidators parent for $150 million
Bed Bath & Beyond Inc. is in full expansion mode.
The company has signed a letter of intent to acquire the equity interests and substantially all assets of F9 Brands Inc., which owns and operates Lumber Liquidators as well as Cabinets To Go, Gracious Home / Thos. Baker, and Southwind Building Products, for nearly $150 million comprised of $37 million in cash and approximately 16 million shares of Bed Bath & Beyond common stock at $7 per share, representing a transaction value of $107 million at the current market price.
This move follows Bed Bath & Beyond’s recent $150 million deal to purchase home goods and storage products retailer The Container Store. The company sees particular synergies between F9’s Lumber Liquidators brand and The Container Store’s Sweden-based Elfa customizable closet systems, shelving solutions, and space optimization products brand, which Bed Bath & Beyond executive chairman and CEO Martin Leominis publicly called “one of the most important growth engines to be included within our Home Services platform,” as well as its Chicago-based custom closet and organizer provider Closet Works subsidiary.
[READ MORE: Bed Bath & Beyond purchasing The Container Store for $150M]
In addition, F9 Brands offers integrated financing solutions including credit cards, HELOC, and credit union programs.According to Bed Bath & Beyond, this transaction will represent an additional step in building a national, fully integrated home services platform under a concept the company calls “Beyond Home Services,” which aims to expand its ability to serve customers across the full lifecycle of homeownership, from design and product selection to installation and financing.
Beyond Home Services will combine brands across cabinets, flooring, closets, and distribution with installation services, financing solutions, and a retail footprint. Jason Delves, who has served as president and CEO of F9 Brands since 2019, is set to serve as CEO of Beyond Home Services and join the executive leadership team of Bed Bath & Beyond.
Bed Bath & Beyond will maintain standalone Cabinets To Go and Lumber Liquidators stores. In addition, customers will have access to F9 Brands’ products and services through the Custom Spaces section of the recently rebranded The Container Store / Bed Bath and Beyond stores (formerly operating under The Container Store banner). 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.
Financial highlights
F9 Brands generated approximately $522 million in net delivered sales in fiscal 2025 and currently has approximately $130 million of inventory on hand. The company 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.
Forty million dollars of financing from an existing lender will roll into the deal. The transaction expected to close after the Bed Bath & Beyond annual shareholder meeting in May 2026 and customary due diligence, definitive documentation, and regulatory approvals.
“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," said Marcus Lemonis, executive chairman and CEO of Bed Bath & Beyond. "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."
