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

Sleep Country Canada Acquires Silk & Snow Inc.

January 4, 2023

E-Commerce

On January 4, 2023, Sleep Country Canada Holdings Inc. closed the acquisition of substantially all assets of Silk & Snow Inc. for approximately C$24 million in cash plus up to C$19.45 million in contingent cash consideration. The deal brings a fast-growing Toronto-based direct-to-consumer sleep and lifestyle brand into Sleep Country’s portfolio to expand its DTC e-commerce capabilities and product offering.

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 Dreams, UK Specialty Bed Retailer

May 27, 2021

Retail

Tempur Sealy International has signed an agreement to acquire Dreams, the United Kingdom's leading specialist bed and mattress retailer, for approximately $475 million (less net debt and working capital adjustments). The acquisition, primarily from an affiliate of Sun Capital Partners / Sun European Partners, expands Tempur Sealy's direct-to-consumer footprint in the UK and is expected to be accretive to EPS while complementing the company’s existing UK operations.

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.

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.

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.