HOUSTON — Mattress Firm Holding Corp. announced three deals Monday, valued at about $80.5 million, which will eventually add 93 stores to the number of locations the mattress retailer owns and operates.
The company said it completed the acquisition of a franchisee that operated Mattress Firm stores in Colorado and Kansas and stores of another franchisee in Virginia. Those deals were completed on March 3.
CEO Steve Stagner said the deals give the company control of more stores in “key growth markets.”
“These opportunities bring us closer to becoming the first national specialty bedding retailer, reaching border to border and coast to coast,” Stagner said in a statement.
The Houston company also said it has agreed to buy Sleep Experts Partners, a retailer that runs Sleep Experts stores in Texas.
Mattress Firm, which has more than 1,300 company-owned and franchised stores, said the Sleep Experts deal will add between 3 cents and 5 cents per share.
