Deal Flow
Letter · prints on one page
Transaction tear sheetData as of Nov 7, 2026
M&A · Industrials · Retail-Retail Stores, NEC

BED Bath & Beyond, Inc. to acquire Brand House Collective, Inc.

Announced Nov 24, 2025 · Closed Apr 2, 2026

Deal value$27MEV $87M
Premium—To unaffected price
EV / Adj. EBITDA—0.2x EV / Revenue
ConsiderationAll stock$1.11 per share

Transaction

Acquirer
BED Bath & Beyond, Inc. (BBBY)
Target
Brand House Collective, Inc. (TBHC)
Buyer type
Strategic
Offer price per share
$1.11
Enterprise value
$87M
Status
Closed Apr 2, 2026

Deal protections

Break fee (target pays)
$1.0M · 3.8%
Reverse fee (buyer pays)
—
Go-shop
No-shop
Financing
Committed · BofA Securities

Advisors

To the acquirer
Not disclosed
To the target
Not disclosed

Sector context · Industrials

Comparable deals
99 in the prior 24 months
Premium
Sector median 38.0%
EV / Adj. EBITDA
Sector median 9.8x
Break fee
3.8% vs. 2.5% sector median

Timeline

  1. AnnouncedNov 24, 2025
  2. Proxy filedJan 30, 2026
  3. Definitive proxyJan 30, 2026
  4. Shareholder voteMar 17, 2026
  5. ClosedApr 2, 2026
Sources
  • 8-K (EX-99.1) · Nov 25, 2025
  • DEFA14A (EX-99.1) · Nov 25, 2025
  • 425 · Nov 25, 2025

Adj. EBITDA is operating income + D&A + impairment, restructuring, deal costs and stock compensation, less any large gain on a sale, last twelve months, from the target's filings. Calculated by Castle, so it can differ from a bank's adjusted figure.

Prepared with Castle from public SEC EDGAR filings. Figures are extracted automatically; verify against the source documents. Not investment advice.