Bed Bath & Beyond Acquires Fathom Holdings
Bed Bath & Beyond (BBBY) announced that it has signed an agreement to acquire Fathom Holdings (FTHM). Fathom's integrated platform and technology capabilities complement Bed Bath & Beyond's Everything Home strategy and accelerate the Company's vision to create the nation's first end-to-end homeownership platform. "Homeownership is one of the most important financial and emotional commitments people make in their lives," said Marcus Lemonis, Executive Chairman and Chief Executive Officer of Bed Bath & Beyond. "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. 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. Homeownership & Transactions, Omnichannel Commerce and Home Services are the three pillars that bring that strategy to life. "