Sacramento, California-based mattress retailer Sleep Train has entered into an agreement to acquire America’s Mattress in Hawaii. The acquisition includes nine stores: five stores on Oahu, two stores on the Big Island and one each in Maui and Kauai. The deal is expected to close in late April.
“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, founder and chief executive officer of Sleep Train. “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 of sleep shop chains Sleep Train Mattress Centers, Sleep Country USA, Mattress Discounters, and Got Sleep?, has opened 30 new stores in 15 months, including three in California. The acquisition of America’s Mattress brings the enterprise’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, founder and chief executive officer of America’s Mattress, Hawaii. “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 be remaining with the company, bringing Sleep Train’s employee-owner count to more than 1,600. Financial details of the deal were not disclosed.
