Who owns mattress warehouse

Have you ever wondered who owns the mattress warehouse where you purchased your bed? Well, you’re not alone. Many people have little knowledge about the ownership of the stores where they shop. In this article, we’ll reveal the answer to this mystery and why it matters. Understanding who owns a business can provide insight into its values and practices. So, if you’re curious about the people behind the mattress warehouse, keep reading to find out who they are and what they stand for.

Unveiling the Mystery: Who Owns Mattress Warehouse?

When it comes to purchasing a new mattress, finding a trustworthy retailer can be a challenge. With so many options available, it can be challenging to know where to start. One of the most popular mattress retailers in the United States is Mattress Warehouse. But who owns Mattress Warehouse?

The Early Days of Mattress Warehouse

Mattress Warehouse was founded in 1989 by a group of entrepreneurs who believed that the mattress-buying experience could be improved. The company’s first store was located in Frederick, Maryland, and quickly gained popularity due to its high-quality products and exceptional customer service.

The Rise of Sleepy’s

In 2014, Mattress Warehouse merged with Sleepy’s, a New York-based mattress retailer. The merger created the largest mattress retailer in the United States, with over 3,500 locations. Sleepy’s was owned by the private equity firm, Advent International.

The Advent International Connection

Advent International is a global private equity firm that specializes in buyouts, growth capital, and venture capital investments. They have invested in a variety of industries, including healthcare, retail, and technology. Advent International acquired Sleepy’s in 2015 and became the majority owner of the newly formed Mattress Firm Holding Corp.

The Acquisition by Steinhoff International

In 2016, Steinhoff International, a South African furniture retailer, acquired Mattress Firm Holding Corp for $3.8 billion. The acquisition made Steinhoff International the largest bedding retailer in the world. However, Steinhoff International faced financial troubles in 2017 due to an accounting scandal, which caused the company’s stock to plummet.

The Bankruptcy Filing

In 2018, Mattress Firm, a subsidiary of Steinhoff International, filed for Chapter 11 bankruptcy. The company closed hundreds of stores and restructured its operations to focus on online sales. The bankruptcy filing allowed Mattress Firm to restructure its debt and emerge as a stronger, more financially stable company.

The Current Ownership of Mattress Warehouse

Today, Mattress Warehouse is owned by the private equity firm, The Jordan Company. The Jordan Company is a middle-market private equity firm that invests in a variety of industries, including healthcare, manufacturing, and consumer products. The firm has a history of investing in companies with strong growth potential and partnering with management teams to drive growth and operational improvements.

The Bottom Line

So, who owns Mattress Warehouse? The answer is The Jordan Company. While the company has gone through several changes in ownership over the years, it remains a popular and trusted mattress retailer. With a focus on high-quality products and exceptional customer service, Mattress Warehouse is sure to remain a leader in the industry for years to come.
Mattress Warehouse is a well-known and popular mattress retailer in the United States. The company was founded in 1989 by a group of entrepreneurs who aimed to improve the mattress-buying experience. Today, Mattress Warehouse is owned by The Jordan Company, a middle-market private equity firm that invests in various industries.

The merger of Mattress Warehouse with Sleepy’s in 2014 created the largest mattress retailer in the United States, with over 3,500 locations. Sleepy’s was owned by Advent International, a global private equity firm that specializes in buyouts, growth capital, and venture capital investments.

However, in 2016, Steinhoff International acquired Mattress Firm Holding Corp for $3.8 billion, making it the largest bedding retailer in the world. Unfortunately, Steinhoff International faced financial troubles in 2017 due to an accounting scandal, which caused the company’s stock to plummet. In 2018, Mattress Firm filed for Chapter 11 bankruptcy, which allowed the company to restructure its debt and emerge as a stronger and more financially stable company.

Today, Mattress Warehouse remains a popular and trusted mattress retailer, with a focus on high-quality products and exceptional customer service. The company offers a wide range of mattresses, including memory foam, innerspring, and hybrid options.

In addition to its brick-and-mortar stores, Mattress Warehouse also offers online sales, making it easier for customers to shop from the comfort of their own homes. The company also offers financing options and a price match guarantee, ensuring that customers get the best possible deal on their new mattress.

In conclusion, Mattress Warehouse has gone through several changes in ownership over the years, but it remains a leader in the mattress industry. With a focus on high-quality products and exceptional customer service, the company is sure to continue its success in the years to come.

Frequently Asked Questions

Who owns Mattress Warehouse?

Matress Warehouse is owned by the company called The Original Mattress Factory. The company was founded in 1990 by Ron Trzcinski and was based in Cleveland, Ohio. Today, The Original Mattress Factory has more than 100 showrooms and factories in the United States.

What is the price range of Mattress Warehouse?

The prices of Mattress Warehouse products vary depending on the size, type, and brand of the mattress. However, the average price range for a mattress at Mattress Warehouse is between $300 to $2,000. The company also offers financing options and periodic sales that may help you save money on your purchase.

What are the types of mattresses available at Mattress Warehouse?

At Mattress Warehouse, you can find different types of mattresses, including memory foam, hybrid, innerspring, and adjustable beds. The company also offers a range of brands such as Sealy, Serta, Tempur-Pedic, and Beautyrest, among others. You can choose a mattress based on your sleeping preferences, budget, and other factors.

Does Mattress Warehouse offer a trial period and warranty?

Yes, Mattress Warehouse offers a 120-night trial period for its mattresses. During this period, you can return the mattress for any reason and get a full refund. The company also offers a warranty of up to 10 years, depending on the type and brand of the mattress. The warranty covers manufacturing defects, sagging, and other issues that may affect the performance of the mattress.

Key Takeaways

• Mattress Warehouse is owned by The Original Mattress Factory.
• The price range for a mattress at Mattress Warehouse is between $300 to $2,000.
• You can find different types of mattresses at Mattress Warehouse, including memory foam, hybrid, innerspring, and adjustable beds.
• Mattress Warehouse offers a 120-night trial period and a warranty of up to 10 years.

In conclusion, Mattress Warehouse offers a variety of mattresses for different sleeping preferences and budgets. The company also provides a trial period and warranty to ensure customer satisfaction. If you’re in the market for a new mattress, Mattress Warehouse might be worth checking out.