West Coast mattress retailer Sleep Train will acquire America’s Mattress in Hawaii. Terms of the deal were not disclosed.
The acquisition includes nine local America’s Mattress stores: five stores on Oahu, two stores on the Big Island in Kona and Hilo, and one each on the islands of Maui and Kauai. The deal is expected to close April 23.
“We are excited to welcome the America’s Mattress team to the Sleep Train ‘ohana of employee-owners and expand our company throughout the islands,” said Dale Carlsen, CEO and founder of Sleep Train, Sacramento, Calif. “America’s Mattress has a strong reputation and proven sales success. This is a thrilling time for our company as we grow, learn from the success of our counterparts, and combine resources to provide even more value for our customers.”
Sleep Train, the parent company of Sleep Train Mattress Centers, Sleep Country USA, Mattress Discounters, and Got Sleep?, has opened 30 new stores over the last 15 months, including the recently opened Sleep Train stores in Bakersfield and Woodland, Calif., in addition to a new Got Sleep? in Arden Fair Mall in Sacramento. The acquisition of America’s Mattress brings the company's store count to more than 300.
“Sleep Train’s commitment to the community, distributing quality products made in Hawaii, and taking care of its employees, makes them a perfect fit for our company,” said Chris Eldridge, CEO and founder of America’s Mattress. “I look forward to working with Sleep Train to continue to grow America’s Mattress’ business and employee-owner team together.”
Eldridge, as well as the other America’s Mattress employees, will remain with the company, bringing Sleep Train’s employee owner count to more than 1,600.