Mattress Firm Acquired By Investors, Current Management

January 24, 2007  by in UnCategorized   

By Home Furnishings Business in Furniture Retailing on January 2007 Houston-based Mattress Firm, which operates more than 305 stores in 19 states, has been acquired by a Boston-based private equity firm, J.W. Childs Associates, and members of the chain’s management team.

The investors purchased the retailer from Sun Capital Partners, Boca Raton, Fla., which had acquired Mattress Firm in 2002. Terms of the deal were not disclosed. Mattress Firm CEO Gary Fazio, President Steve Stagner and other members of the management team are investors in the purchase and will continue to lead the company.

“J.W. Childs is a great partner for Mattress Firm, as their resources and vision for growth match our objective to become the nation’s leading mattress retailer,” Fazio said in an announcement Wednesday. “This ownership structure gives us capital for growth and the ability to continue the momentum we’ve established over the past several years.”