3Z Brands Announces Acquisition of Leesa Sleep



Furniture World News Desk on

3/16/2023





3Z Brands, a vertically-integrated manufacturer,
wholesaler, retailer and direct-to-consumer distributor of award-winning sleep
products, announces the acquisition of Leesa Sleep
(“Leesa”). 



Leesa

was founded in 2014 with the purpose of elevating life for those in need of
better sleep. The company sources high-quality materials produced in America
to meticulously craft a suite of sleep products built for exceptional comfort
and support. Beyond its innovative offerings, the company is committed to
supporting communities and to date, has donated over 40,000 mattresses through
partnerships with shelters and non-profit organizations across the United
States. Leesa’s products and community impact have made it one of the
most well-known and beloved direct-to-consumer (“DTC”) sleep
brands. 


“We’re excited to welcome another iconic brand to the 3Z
family,” said John Merwin, Chief Executive Officer of 3Z Brands.
“Leesa is an exceptional company built on the pillars of delivering
better sleep for customers and creating a positive impact in communities. With
its advanced design expertise and high-quality products, we’re looking
forward to supporting Leesa’s continued growth with our best-in-class
manufacturing expertise and digital capabilities. This addition marks our
third acquisition within the last year, demonstrating 3Z’s commitment to
building a leading DTC platform that meets each customer’s tailored
sleeping needs.” 


“When David Wolfe and I began Leesa, we sought out to change the
category through simplifying the buying process, creating fresh product
designs using innovative materials, and finding a way to make a social
impact,” said Jamie Diamonstein, Co-Founder of Leesa. “These
pillars have been an integral part of our success and will continue to support
the Leesa brand through this new chapter of our business. We’re proud of
what we’ve built over the last decade and look forward to developing,
innovating, and growing even further with the support and expertise of 3Z
Brands.”


Michael Akrop, Chief Executive Officer of Leesa added: “This is an
incredible milestone for Leesa and I couldn’t be more excited for this
next chapter with 3Z. Similar to us, 3Z is centered around high-quality sleep
products, top-tier value, and a drive to further innovate the sleep
experience. Joining 3Z’s extensive platform will accelerate our ability
to deliver on our mission and continue to provide deeper rest for our
customers.”


In 2021, Brooklyn Bedding and Helix Sleep combined in partnership with
Cerberus Capital Management, and within the last year, the platform acquired
Bear Mattress and Nolah Sleep. Leesa will continue to operate under its
independent brand name alongside Helix Sleep, Brooklyn Bedding, Birch, Bear
Mattress, and Nolah.


Leesa Sleep was advised by investment banking company, Financo | Raymond
James. For more information on Leesa, please visit
www.leesa.com.

 


 

ABOUT 3Z BRANDS

 
3Z Brands (“3Z”) is a vertically-integrated manufacturer, direct-to-consumer
brand portfolio, wholesaler, and retailer of award-winning sleep products.
Headquartered in Arizona and New York, 3Z operates a portfolio of
best-in-class sleep brands, including Helix Sleep, Brooklyn Bedding, Birch,
and Bear Mattress. All of 3Z’s brands celebrate the power of personal
preferences, while focusing on outstanding product quality, having won
countless independently reviewed awards. Additionally, 3Z provides mattress
production solutions across the industry with world-class expertise in
mattress engineering, achieved through meticulous attention to detail,
cutting-edge equipment, and decades of industry experience. The company
strives to deliver excellent sleep products to any and every door in America.

ABOUT LEESA SLEEP


Leesa was founded on the belief that everyone deserves a better night’s
sleep. Motivated by a mission to give back and armed with three generations of
mattress-innovation experience, David Wolfe and Jamie Diamonstein launched
Leesa in Virginia Beach in 2014. Quickly named one of the fastest growing
private companies by Inc. Magazine, Leesa stands out by delighting customers
with exceptional products and creating a positive impact on the world. Since
its launch, Leesa has donated more than 40,000 mattresses to those in need
through a network of community partners, homeless shelters, and
veterans’ organizations.   


Leesa mattresses are available on Leesa.com and
at a growing list of retailers including West Elm, Pottery Barn, Costco, Home
Depot, and Amazon.

 



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