Mattress Firm Acquires Las Vegas Chain

February 7, 2007  by in UnCategorized   

By Home Furnishings Business in Bedding on February 2007 Houston-based Mattress Firm has signed a letter of intent to acquire a 15-store mattress retailer in Las Vegas in a deal that will expand Mattress Firm’s store count to nearly 370 stores in 20 states. The acquisition of the retail chain operating as Bedtime and Mattress Direct also will make Mattress Firm the largest mattress retailer in the greater Las Vegas area.

“This acquisition allows Mattress Firm to enter the fast-growing Las Vegas market and is another step in our overall expansion strategy that includes both organic and acquisition growth,” said Mattress Firm CEO Gary Fazio.

The Las Vegas acquisition comes about two weeks after Boston-based equity firm J.W. Childs Associates purchased Mattress Firm from majority owner Sun Capital Parters in a deal Mattress Firm management said will help the company grow to become a national brand.