Bed Bath & Beyond, Inc. (NYSE: BBBY) today announced the expansion of Beyond Home Services, the Company's dedicated home services platform and the third pillar of its Everything Home strategy, through the acquisition of Installed Right and SFV Services.

Under the agreed upon terms, Bed Bath & Beyond will acquire Installed Right and SFV Services in a transaction consisting entirely of Bed Bath & Beyond common stock. The acquired businesses generated approximately $60 million in combined revenue and approximately $5 million in adjusted EBITDA during the most recently completed fiscal year. As consideration for the transaction, Bed Bath & Beyond will issue approximately 7.2 million shares of common stock to the sellers, aligning the interests of the Rosen family and management team with the long-term success of the Company and its shareholders.