Overview
- Bed Bath & Beyond, which announced the Letter of Intent on Wednesday, plans to acquire F9 Brands, the owner of Cabinets To Go, Lumber Liquidators, Gracious Home/Thos. Baker, and Southwind Building Products.
- The headline price approaches $150 million with $37 million in cash and roughly 16 million BBBY shares valued at $7 each, which the company noted equates to about $107 million at current market prices.
- Deal terms include a one‑time $25 million earnout tied to F9 hitting $20 million in EBITDA, a profit measure, plus about $130 million of inventory and a $40 million lender financing rollover.
- BBBY says the brands will plug into its Beyond Home Services unit to offer end‑to‑end projects through more than 2.2 million square feet of store space where customers can design, buy, finance, and book installation.
- Jason Delves will lead Beyond Home Services, while shares rose about 6% after the news and the company targets closing after its May shareholder meeting pending due diligence, final agreements, and any required approvals.