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Simmons Energy history
Simmons Energy company history timeline
Grant Simmons explained to Fortune magazine (May 1976) how the move had energized the company and made executives more productive.
Simmons's bedding operations began losing money in 1976, and its only profitable units were its international divisions and non-bedding subsidiaries.
But by 1978, Sealy had pulled ahead.
Though Grant Simmons had promised that things would get better over 1978, the company continued its poor performance.
1979: Simmons is sold to Gulf & Western.
In 1985 Gulf & Western sold Simmons Co. to Wickes, another conglomerate with lumber and furniture holdings.
1986: Wesray Capital engineers first leveraged buyout of Simmons.
1991: Merrill Lynch Capital Partners acquires most of company for $32 million.
1993: New chairman and chief executive is named; market share begins to rise.
In March 1996, Merrill Lynch sold its stake in Simmons to a Bahrain-based investment group, Investcorp.
In 1996 Simmons came out with an evocative television ad, which showed a bowling ball dropped on a Beautyrest mattress and not knocking down ten bowling pins standing on it.
By 1997, Simmons had sales of over $550 million, with a profit of about $50 million.
Sales for 2000 were reported at over $727 million, and the company was vying for the lead in the bedding market that it had helped to revolutionize.
Simmons came up with a new brand for the millennium, the Beautyrest 2000 NoFlip mattress.
Serta and Simmons have been sister companies since 2010, jointly owned, often competing, but pursuing similar dreams.
LRESSP ‐ Special resolution to wind up on 2018-01-02
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Simmons Energy competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Matrix Capital Markets Group | 1988 | $4.2M | 44 | - |
| Intrepid Financial Partners | 2015 | $1.1M | 35 | - |
| Solebury School | 1925 | $2.8M | 35 | - |
| Perrys | - | $420,000 | 7 | 19 |
| Pennington & Company | 1993 | $28.0M | 68 | 11 |
| Burney | 1974 | $6.0M | 50 | - |
| Hales | 2017 | - | 6 | 1 |
| North Georgia Community Foundation | 1985 | $18.8M | 16 | - |
| Graham Holdings | 1947 | $4.8B | 11,500 | 33 |
| B-Line | 1997 | $21.4M | 300 | - |
Simmons Energy history FAQs
Zippia gives an in-depth look into the details of Simmons Energy, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Simmons Energy. The employee data is based on information from people who have self-reported their past or current employments at Simmons Energy. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Simmons Energy. The data presented on this page does not represent the view of Simmons Energy and its employees or that of Zippia.
Simmons Energy may also be known as or be related to Simmons & Company International and Simmons Energy.