Tempur Sealy Acquires Dreams, UK Specialty Bed Retailer

Tempur Sealy (Somnigroup) Acquires Mattress Firm

May 9, 2023

Retail

Tempur Sealy International, Inc. signed a definitive agreement to acquire Mattress Firm, the U.S.'s largest mattress specialty retailer, in a transaction first announced at an approximate $4.0 billion enterprise value and completed in February 2025 with a reported total purchase price of roughly $5.0 billion. The deal was funded with approximately $2.7 billion of cash and the issuance of 34.2 million Tempur Sealy shares; following closing Tempur Sealy renamed itself Somnigroup International and will operate Mattress Firm as a decentralized business unit while divesting a portion of retail locations and the Sleep Outfitters business to MW SO Holdings (Mattress Warehouse).

Tempur Sealy Acquires Majority Stake in Sherwood Bedding

January 24, 2020

Manufacturing

Tempur Sealy International agreed to acquire an approximately 80% stake in Sherwood Acquisition Holdings, LLC ("Sherwood Bedding") for about $40 million, financed with cash on hand and borrowing under existing credit facilities. The Ellman family will retain a 20% interest, and Sherwood Bedding will operate as a standalone business unit led by its current management to allow Tempur Sealy to enter the private-label/OEM bedding market and expand its product suite.

3Z Brands Acquires Leesa Sleep

March 15, 2023

Consumer Products

3Z Brands, a vertically-integrated mattress manufacturer and DTC brand platform, has acquired Leesa Sleep, a direct-to-consumer mattress company founded in Virginia Beach. The deal expands 3Z's portfolio of sleep brands and strengthens its manufacturing and digital capabilities as part of an ongoing roll-up strategy backed by private equity.

The Vita Group Acquires Usleep Limited

September 27, 2021

Manufacturing

The Vita Group has acquired Usleep Limited, a UK mattress manufacturer, from NorthEdge and The Belfield Group. The deal expands Vita's European bedding manufacturing footprint and adds Usleep's two semi-automated production sites and customer relationships with major mattress retailers and direct-to-consumer bed-in-a-box brands.

Fairfax (via 16133258 Canada Inc.) Acquires Sleep Country Canada

October 1, 2024

Retail

Fairfax Financial Holdings, through a newly formed wholly-owned subsidiary 16133258 Canada Inc., completed a cash takeover of Sleep Country Canada Holdings Inc. under a court-approved plan of arrangement, paying C$35.00 per common share. Sleep Country will be delisted from the TSX and cease reporting as Fairfax takes the specialty mattress retailer private.

Sun Capital Affiliate Invests in Mancini's Sleepworld

September 18, 2020

Retail

An affiliate of private equity firm Sun Capital Partners has made a minority growth investment in Mancini's Sleepworld, a family-owned mattress retailer serving Northern California. Terms were not disclosed; Sun Capital said it will partner with promoted CEO Marc Fey and Chairman Randy Mancini to drive sales growth, expand e-commerce and broaden the company's geographic footprint.