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.
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