M&A Deal Summary

Tempur Sealy Acquires Mattress Firm

On May 9, 2023, Tempur Sealy acquired retailer Mattress Firm for 4.0B USD

Acquisition Highlights
  • This is Tempur Sealy’s 2nd transaction in the Retail sector.
  • This is Tempur Sealy’s largest (disclosed) transaction.
  • This is Tempur Sealy’s 3rd transaction in the United States.
  • This is Tempur Sealy’s 1st transaction in Texas.

M&A Deal Summary
Date 2023-05-09
Target Mattress Firm
Sector Retail
Buyer(s) Tempur Sealy
Deal Type Add-on Acquisition
Deal Value 4.0B USD
Advisor(s) Goldman Sachs
Barclays Investment Bank (Financial)
Simpson Thacher & Bartlett (Legal)

Target

Mattress Firm

Houston, Texas, United States
Mattress Firm's flagship store in Houston, Texas.
Mattress Firm's flagship store in Houston, Texas.
Mattress Firm is multi-brand mattress retailer. Mattress Firm brands include Mattress Firm, Sleepy's and Sleep Train, offers a broad selection of both traditional and specialty mattresses, bedding accessories and other related products. Mattress Firm was formed in 1886 and is based in Houston, Texas.

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Buyer(S) 1

Buyer

Tempur Sealy

Lexington, Kentucky, United States
Category Company
Founded 1989
Sector Consumer Products
Employees9,000
Revenue 4.9B USD (2023)
DESCRIPTION

Tempur Sealy is a bedding provider that develops, manufactures, and markets mattresses, foundations, pillows, and other products. Tempur Sealy was founded in 1989 and is based in Lexington, Kentucky.

DEAL STATS #
Overall 4 of 4
Sector (Retail) 2 of 2
Type (Add-on Acquisition) 4 of 4
State (Texas) 1 of 1
Country (United States) 3 of 3
Year (2023) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-27 Dreams

High Wycombe, United Kingdom

Dreams is a bed and mattress specialist retailer. Dreams offer a broad selection of the latest products in the bedding segment. Dreams’ product offering includes mattresses, divans, bed frames, headboards, in addition to a select range of furniture products and associated bedding. Dreams was founded in 1985 and is based in High Wycombe, United Kingdom.

Buy $475M
Mergr

Product

Company

Legal