Mattress Warehouse has acquired 176 additional store locations — 73 former Mattress Firm stores, 103 Sleep Outfitters stores and seven distribution centers and corporate offices in Lexington, Kentucky — a milestone that propels the company to over 500 locations nationwide.
This expansion dramatically strengthens Mattress Warehouse’s presence, spanning from New Hampshire to southern Florida and expanding westward to Chicago and Milwaukee.
“This is a transformative moment in our growth story,” says Bill Papettas, president and CEO of Mattress Warehouse. “We are excited to welcome these new stores — and the talented teams behind them — into the Mattress Warehouse family. This acquisition furthers our mission to improve lives through quality sleep. With an even larger footprint, we’re able to bring our unmatched selection of top mattress brands, exclusive bedMATCH technology and award-winning customer service to more communities than ever before.”
The timing of the acquisition positions Mattress Warehouse for immediate momentum heading into Memorial Day, according to the company. “Mattress Warehouse is prepared for the demand, offering strong grand-opening deals backed by industry-leading guarantees like the 1-Year Low Price Guarantee and the 100% Comfort Guarantee.”
Advising Mattress Warehouse on the transactions were Lowenstein Sandler LLP and Paul, Weiss, Rifkind, Wharton & Garrison LLP for legal counsel, and Alvarez & Marsal for accounting and due diligence.
