Posted: Mar 11, 2014 4:42 AM
Updated: Mar 11, 2014 4:42 AM
HOUSTON (AP) Mattress Firm Holding Corp. has announced three deals valued at about $80.5 million to eventually add 93 stores to the company.
The Houston-based company on Monday said it has agreed to buy Sleep Experts Partners, a retailer that runs Sleep Experts stores in Texas. That deal is expected to close by May.
Separately, 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 March 3.
CEO Steve Stagner says the agreements give the company control of more stores in key growth markets.
Mattress Firm has more than 1,300 company-owned and franchised stores.