Mattress Firm is an American mattress store chain. Founded in July 1986, they have become the largest mattress specialty retailer in the U.S. Over the years, Mattress Firm has acquired several mattress chains, including Mattress Pro (2007), Sleep Train (2014), Mattress Barn (2014), Sleepy’s (2015) and Sleep America (2015). In 2016, Mattress Firm was acquired by Steinhoff International (SNH: JSE) for $3.8B. In May 2023, Tempur Sealy International, Inc (NYSE: TPX) announced a definitive agreement to acquire Mattress Firm Group, Inc. for $4B. Mattress Firm, Inc. has an S&P credit rating of B+ and a long-term Moody’s rating of B1. As of June 2022, the company operates approximately 2390 locations in all 50 U.S. states and employs over 8,000 people. All locations are either company-owned and operated or operated by corporately guaranteed franchisees. Mattress Firm’s headquarters are in Houston, TX.

Steinhoff International (SNH: FRA) is a multinational holding company in the retail sector, primarily in furniture and household goods. Founded in 1964 in Germany, the company now operates in Europe, Africa, Asia, the United States, Australia and New Zealand. Their holdings include a 45% stake in Mattress Firm, a 79% stake in Europe’s Pepco Group, and a 43,8% stake in South Africa's Pepkor Holdings. Their current market cap (July 2023) is 211.7M ZAR. In its fiscal year ending September 2021, the company reported that net revenues rose 34.9% to hit approximately $4.4B. As of January 2022, the company filed for an IPO and plans to trade on the NYSE under the symbol MFRM. The company is headquartered in Stellenbosch, South Africa.