Sleepy's gets cash influx
State Comptroller Thomas P. DiNapoli on Tuesday released his analysis of the executive budget for the 2015-16 fiscal year, which Cuomo proposed to the Legislature in January. Above, DiNapoli on March 14, 2012. Credit: Newsday / Audrey C. Tiernan
Sleepy's, the chain of mattress stores, has received a cash infusion from New York State pension plans, officials said.
The state Common Retirement Fund's in-state private equity program participated in a recent recapitalization of Hicksville-based Sleepy's.
The amount is expected to be announced next week during a company tour, according to a spokesman for state Comptroller Thomas DiNapoli. The Great Neck Plaza resident oversees the pension plans, which generally recoup their investment and more in companies. The Sleepy's deal, announced Wednesday, also involves money from Calera Capital, a private equity firm in Boston and San Francisco.
Sleepy's, founded in 1957 by Harry Acker, has more than 800 stores, primarily in the Northeast.
SARRA SOUNDS OFF: Long Island teams win 8 state titles On this episode of "Sarra Sounds Off," Newsday's Gregg Sarra, Ben Dickson and Michael Sicoli recap the state championships including baseball and lacrosse.
SARRA SOUNDS OFF: Long Island teams win 8 state titles On this episode of "Sarra Sounds Off," Newsday's Gregg Sarra, Ben Dickson and Michael Sicoli recap the state championships including baseball and lacrosse.
