Wichita Mattress Firm stores acquired by franchisor

03/11/2014 2:02 PM

03/11/2014 2:03 PM

Mattress Firm Holding Corp. said it has completed an acquisition of nearly all the assets and operations of Yotes Inc., which operated Mattress Firm stores in Colorado and Kansas, including five in Wichita.

The Yotes acquisition was part of an $80.5 million deal that included the Yotes deal as well as the acquisition of stores from Sleep Experts Partners LP in Texas and Mattress Firm stores in Virginia operated by franchisee Southern Max LLC.

“These acquisitions will further fortify our market-leading position in key growth markets by expanding our presence in prime areas of the country,” said Steve Stagner, president and CEO of Houston-based Mattress Firm Holding Corp, in a statement. “We believe that the addition of an impressive number of high performing stores at the same time also provides the Company with the opportunity to further enhance the operating performance and cash flow of these stores at an accelerated pace as we integrate them onto our efficient corporate operating platform.”

The company’s Wichita stores are at 2120 N. Amidon, 6836 W. Kellogg, 8113 E. Kellogg, 5500 W. Central and 3130 N. Rock Road.

Wichita Top Jobs

View All Top Jobs

Join the Discussion

The Wichita Eagle is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere on the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

Terms of Service