Mattress Firm Completes Acquisition of 26-Store Metropolitan Mattress

Furniture World Magazine

Mattress Firm, one of the nation’s leading mattress retailers, announced that it has completed the acquisition of Chandler, Ariz.-based Metropolitan Mattress. Terms of the acquisition were not disclosed. Metropolitan Mattress has 26 stores in the greater Phoenix region. The acquisition of the Metropolitan Mattress locations, combined with Mattress Firm’s 14 existing locations, makes Mattress Firm the largest mattress retailer in the greater Phoenix area with a total of 40 stores. The addition of these locations will bring Houston-based Mattress Firm’s total store count nationwide to over 340 locations in 32 markets across 19 states. “This acquisition is a great fit for Mattress Firm and allows us to achieve a leadership position in the Phoenix market, a market where we’ve already built a strong customer base over the past seven years,” said Gary Fazio, CEO of Mattress Firm. “Our commitment is to build on Metropolitan Mattress’ solid reputation of great products, value and service by bringing our unique retail experience, sleep expertise and the broadest selection of products and brands in the industry to these locations.” Fazio added: “This acquisition underscores our strategy to grow both organically and through acquisitions as we strive to become the leading specialty mattress retailer in all of the markets we operate.” Mattress Firm, an affiliate of Sun Capital Partners, Inc carries a full line of national name-brand mattresses such as Sealy®, Simmons®, Tempur-Pedic® and Stearns & Foster®. Mattress Firm will begin the process of transitioning Metropolitan Mattress locations with new signing, its signature store format and expanded product selection. About Mattress Firm Houston-based Mattress Firm (www.mattressfirm.com), an affiliate of Sun Capital Partners, Inc., is America’s preferred specialty mattress company and the nation’s largest specialty retailer of top-of-the-line Sealy products. Founded in 1986, Mattress Firm’s knowledgeable sales staff, broad product offering and competitive prices have fueled the company’s growth to more than 340 stores in 32 markets. About Sun Capital Partners, Inc. Sun Capital Partners, Inc. is a leading private investment firm focused on leveraged buyouts, equity, debt, and other investments in market-leading companies that can benefit from its in-house operating professionals and experience. Sun Capital affiliates have invested in and managed more than 115 companies worldwide with combined sales in excess of $30.0 billion since Sun Capital’s inception in 1995. Sun Capital has offices in Boca Raton, Los Angeles, New York, London, and Shenzhen.