FGS Global is handling Tempur Sealy International’s $4B cash and stock deal to acquire Mattress Firm, the nation's largest mattress retailer with 2,300 retail locations and a robust e-commerce operation.
Tempur Sealy markets mattresses under the Tempur-Pedic, Sealy and Stearns & Foster brands.
The merger will create a company with 3,000 stores, 30 e-commerce platforms, 71 manufacturing facilities, four R&D facilities and 21K employees.
Tempur Sealy CEO Scott Thompson said the deal makes his company more competitive by bringing it closer to bedding consumers to develop lifetime relationships.
“Mattress Firm has been a valued retail partner for more than 35 years, and we look forward to welcoming their talented workforce of more than 8,100 employees to the Tempur Sealy family,” said Thompson.
Mattress Firms shareholders holding more than 80 percent of outstanding shares have agreed to support the merger with Tempur Sealy.
The deal is expected to close during the second half of 2024.