HOUSTON--Mattress Firm Holding Corp., the specialty retailer of mattresses and accessories, has entered into an agreement to acquire substantially all of the mattress specialty retail assets and operations of Back to Bed Inc., M World Mattress LLC, MCStores LLC and TBE Orlando LLC, which collectively operate Back to Bed and Bedding Experts retail stores in Illinois, Indiana and Wisconsin and Bedding Experts and Mattress Barn retail stores in Florida.

"Today's acquisition fits our strategy of increasing market share and growing our geographic footprint,” said Alex Weiss, Mattress Firm CFO, to GlobeSt.com. “Mattress Firm's vision is to build a high-growth national brand with a great customer experience, advance a multi-brand strategy and create sustainable and profitable results.”

This acquisition will add approximately 135 mattress specialty retail stores to the Mattress Firm Co.-operated store base in both new and existing markets, primarily in the Chicago and Orlando metropolitan areas; the aggregate purchase price is approximately $60 million. The closing of the acquisition is expected to occur by the end of the third fiscal quarter of 2014, and will be funded by cash reserves and revolver borrowings.