.
MergerLinks Header Logo

Announced

Completed

Purple Innovation completed the acquisition of Intellibed for $25m.

Financials

Edit Data
Transaction Value£21m
Consideration TypeOrdinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Majority

Completed

mattresses

beds

Acquisition

Friendly

Domestic

Private

United States

Home Improvement Retailers

Single Bidder

Synopsis

Edit

Purple Innovation, a mattress manufacturer, completed the acquisition of Intellibed, a mattress manufacturer, for $25m. "Intellibed is an excellent fit for Purple. Intellibed has licensed certain aspects of our gel technologies for many years, therefore this acquisition allows us to consolidate our IP under one roof while at the same time enhancing Purple's manufacturing capabilities and financial profile. Additionally, Intellibed's premium market position allows Purple to accelerate its product development schedule by several years and immediately address the more luxury, higher-margin segment of the sleep and wellness industry. We are excited about the combined potential of our two organizations," Rob DeMartini, Purple Innovation CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US