Calera Capital Invests in Sleepy's
Posted on April 5, 2012 by
HICKSVILLE, N.Y.-Calera Capital, a private investment firm, has completed what it described as a "significant investment" in mattress retailer Sleepy's.
The amount of the investment was not disclosed in a statement from Calera Capital. Sleepy's now operates more than 800 stores and has a significant presence in the Northeast United States. It also operates direct-to-consumer businesses through 1-800 Mattress, mattress.com and sleepys.com, along with a wholesale division serving various online retailers, hotels and affinity groups.
David Acker and Adam Blank, CEO and chief operating officer, respectively, of Sleepy's, said the retailer has built a "strong relationship" with Calera Capital during the past year. Michael Moon, managing director of Calera Capital, said, "The Acker family and the Sleepy's management team have built a wonderful business that's the clear market leader in its industry."