Bed Bath & Beyond Inc. has entered into an agreement to acquire real estate services platform Fathom Holdings in an all-stock transaction implying an equity value of about $53 million. The transaction is expected to close in the second half of 2026 pending certain approvals, according to a Wednesday press release from Fathom.
The move is the latest in a string of stock-based acquisitions announced by Bed Bath & Beyond Inc. which has included The Container Store, the owner of Cabinets To Go and more. The home retail company under CEO Marcus Lemonis has sought to build a start-to-finish home business, inclusive of furnishings, renovations and financing.
The Fathom deal helps Bed Bath & Beyond with the “Homeownership & Transactions” pillar of Lemonis’ vision.
“Fathom brings important capabilities across brokerage, mortgage, title, insurance and technology that strengthen our Homeownership & Transactions pillar and we expect will accelerate our Everything Home strategy,” Lemonis said in a statement. “Homeownership remains fragmented. People buy homes from one company, finance them through another, furnish them through a third and renovate them with someone else. We believe homeowners deserve something better. Everything Home is our strategy.”
This acquisition will include the elimination of some redundancies “across processes, infrastructure and leadership,” Lemonis added.
Fathom’s fourth quarter net revenue dropped 1.2% year over year to $90.6 million and real estate transactions decreased 14.2%.
The real estate company also announced on Wednesday that board member Adam Rothstein was appointed interim CEO and Vice President of Finance Daniel Weinmann was named CFO.
