US-based Bed Bath & Beyond has agreed to purchase Detroit-based Installed Right and SFV Services in an all-stock deal expected to close by the end of June.
The two businesses, which together generated approximately $60m in revenue and around $5m in adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) in their most recent fiscal year, are being acquired entirely through the issuance of approximately 7.2 million shares of common stock.
Both companies were founded and are led by Mitch Rosen and his family. The transaction will make the Rosen family long-term shareholders in Bed Bath & Beyond.
Installed Right covers residential and commercial installation work spanning closets and storage systems, flooring and carpeting, cabinetry and kitchens, lighting and fixtures, shelving, and garage organisation.
SFV Services operates across construction, demolition, facilities, project management and renovation in both residential and commercial markets, with work ranging from remodelling and tenant improvements to general contracting and construction management.
Bed Bath & Beyond said the acquisition forms part of its broader Everything Home strategy and is intended to strengthen Beyond Home Services while also supporting its retail and homeownership-related businesses.
The transaction is expected to be immediately accretive to adjusted EBITDA. It remains subject to final documentation and due diligence.
Bed Bath & Beyond executive chairman and CEO Marcus Lemonis said: “Our diligence was straightforward. We found a business with a long history of performance, a reputation for consistency, and a founder-led culture that understands what it takes to operate successfully on a national scale.
“The home services market remains highly fragmented, and we believe there is a significant opportunity to continue consolidating complementary businesses under the Beyond Home Services banner.”
In its latest financial result, Bed Bath & Beyond reported a 6.9% year-on-year rise in revenue for the first quarter ended 31 March 2026, which it said was its first quarter of meaningful top-line growth in 19 quarters.
Net revenue for the quarter was $247.7m.
