© 2015 The Texas Lawbook.
By Natalie Posgate
(Dec. 1) – America’s backside just got a broader cushion.
Houston-based Mattress Firm, the U.S.’s largest specialty mattress retailer, said Monday it is acquiring the holding company of Sleepy’s, the No. 2 mattress retailer, for $780 million.
The deal will give Mattress Firm more than 1,050 stores in 17 states.
Norton Rose Fulbright handled the deal for Mattress Firm. Houston partner Amber Ervin and partner Gene Lewis, who offices in Houston and Denver, led the corporate team, which also included associates Zahra Usmani and Leslie Daniel.
Lawyers advising on other matters included Houston partner Steve Kuntz, senior counsel Robbie Mashburn and senior associate Danny Prati; San Antonio associate Samantha Dyal; and attorneys from the firm’s Washington, D.C. and New York offices.
Lawyers from Gibson, Dunn & Crutcher’s New York and Washington, D.C. offices advised the privately-held, Upstate New York-based Sleepy’s.
As part of the deal, Sleepy’s general counsel and chief operating officer, Adam Blank, will join the Mattress Firm executive management.
Mattress Firm’s general counsel is Kindel Elam, a Norton Rose Fulbright alumnus who joined the company in 2012.
The deal is expected to close in the first half of Mattress Firm’s 2016 fiscal year.
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