M&A Deal Summary

Sleep Country Acquires Hush Blankets

On October 19, 2021, Sleep Country acquired retailer Hush Blankets for 25M USD

Acquisition Highlights
  • This is Sleep Country’s 3rd transaction in the Retail sector.
  • This is Sleep Country’s 2nd largest (disclosed) transaction.
  • This is Sleep Country’s 2nd transaction in Canada.
  • This is Sleep Country’s 2nd transaction in Ontario.

M&A Deal Summary

Date 2021-10-19
Target Hush Blankets
Sector Retail
Buyer(s) Sleep Country
Deal Type Add-on Acquisition
Deal Value 25M USD
Advisor(s) DLA Piper (Legal)

Target

Hush Blankets

North York, Ontario, Canada
Hush Blankets is a direct-to-consumer sleep retailer specializing in weighted blankets, pillows, sheets, and now their recently launched bed-in-a-box mattresses. Hush Blankets was founded in 2018 and is based in North York, Ontario.

Search 214,239 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Sleep Country

Brampton, Ontario, Canada

Category Company
Founded 1994
Sector Retail
Employees1,696
Revenue 935M CAD (2023)
DESCRIPTION

Sleep Country is the largest mattress retailer in Canada under both the Sleep Country Canada and Dormez-vous banners. In addition, Sleep Country is the largest mattress retailer in Arizona under the Sleep America banner. Sleep Country Canada was incorporated in 1994 and is based in Brampton, Ontario.


DEAL STATS #
Overall 3 of 5
Sector: Retail M&A 3 of 4
Type: Add-on Acquisition M&A Deals 3 of 3
State: Ontario M&A 2 of 4
Country: Canada M&A 2 of 4
Year: 2021 M&A 1 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-29 Endy

Toronto, Ontario, Canada

Endy is revolutionizing the way people sleep, through their ridiculously comfortable, supportive and Canadian-made mattress. Engineered to offer the perfect balance of comfort and support, The Endy Mattress is made with an open-air cell foam that relieves pressure points, eliminates motion transfer, and releases body heat faster than conventional foam. With free shipping across Canada in a box the size of a hockey bag, it's easy to see why Endy has become one of the leading online mattress brands in Canada, with the most Canadian 5-star reviews. As one of Canada's fastest growing e-commerce companies and winner of the 2016 Techweek Top 100 Innovator Award, Endy has expanded its assortment to include The Endy Pillow, The Endy Sheets, and The Endy Mattress Protector. Endy was also named the fastest growing retail startup on the 2018 Startup 50 list by Maclean's and Canadian Business. The brand also works closely with Canadian charities to donate new and gently used mattresses to families and individuals in need.

Buy CA$89M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-23 Sleepout

Toronto, Ontario, Canada

Sleepout is a portable blackout curtain made and designed in Canada. The Sleepout curtain temporarily attaches to windows using patent-pending suction technology. Sleep. Anywhere. It offers an ideal solution for anyone in need of total darkness and creates a positive impact on the environment through sustainable design and climate-positive business initiatives. Sleepout was formed in 2021 and is based in Toronto, Ontario.

Buy -