Hardware Retailing The Industry's Source for Insights and Information
Bed Bath & Beyond Inc. announced the expansion of Beyond Home Services, the company’s dedicated home services platform, through the acquisition of Installed Right and SFV Services.
The addition of Installed Right and SFV Services adds installation, renovation, construction and project-execution capabilities that further differentiate Bed Bath & Beyond from traditional retailers.
“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,” says Marcus Lemonis, executive chairman and chief executive officer of Bed Bath & Beyond. “We were able to evaluate years of real-world execution through longstanding relationships with companies like Lumber Liquidators and Cabinets To Go, and saw both strong customer reviews and durable financial results. Their experience executing store remodels, fixture installations and retail construction projects also supports our capital-light store conversion strategy, providing additional expertise as we continue expanding and refining our physical footprint. We look forward not only to expanding the business through organic growth, but also to extending these capabilities across Elfa and Closet Works. 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.”
