Ownership profile
Who owns Casper Sleep?
Casper Sleep is now a wholly owned subsidiary of Carpenter Co., a privately held polyurethane foam manufacturer — it was previously owned by private equity firm Durational Capital Management from 2022 until October 2024, when Carpenter Co. acquired it.
Ownership profile
Casper Sleep
Casper Sleep Inc. (subsidiary of Carpenter Co.)
Evidence (8)
Carpenter Co. sold Casper to itself from Durational Capital Management; Durational's exit from Casper is confirmed by the November 2024 acquisition announcement
https://www.retaildive.com/news/casper-sleep-sold-acquired-mattress-manufacturer-carpenter-co/731847/In October 2024, Carpenter Co. acquired Casper Sleep, making it a wholly owned subsidiary
https://sleepsavvymagazine.com/mattress-news/company/carpenter-co-acquires-casper-sleep/Casper Sleep had been acquired by private equity firm Durational Capital Management in January 2022, taking it private from the NYSE at $6.90 per share (~$310 million deal)
https://www.businesswire.com/news/home/20220124005885/en/Durational-Capital-Management-Completes-Acquisition-of-CasperCasper stockholders voted in January 2022 to approve the merger with subsidiaries of Durational Consumer SPV IV, LP, an investment vehicle managed by Durational Capital Management, LP
https://www.sec.gov/Archives/edgar/data/0001598674/000114036122002054/brhc10032952_ex99-1.htmDurational Capital Management was described by multiple outlets as a private equity firm when it acquired Casper
https://www.cnbc.com/2021/11/15/mattress-maker-casper-to-be-taken-private-by-pe-firm-durational-capital.htmlPrior to its PE acquisition, Casper went public on the NYSE in February 2020 at $12/share, valuing it at ~$575 million
https://www.cnbc.com/2021/11/15/mattress-maker-casper-to-be-taken-private-by-pe-firm-durational-capital.htmlCarpenter Co. is the world's largest vertically integrated manufacturer of polyurethane foams, founded in 1950 and headquartered in Richmond, Virginia — no PE ownership identified
https://www.linkedin.com/company/carpenter-co.Carpenter Co. is itself a privately held company, not a PE fund — Forbes listed it among America's Largest Private Companies and LinkedIn lists its type as 'Privately Held'
https://www.forbes.com/companies/carpenter/What's uncertain
- Financial terms of the Carpenter Co. acquisition of Casper in October 2024 were not publicly disclosed.
- Carpenter Co. is privately held; no public filings confirm its own ownership structure or whether it has any PE backers of its own — no such evidence was found, but absence of evidence is noted.
- Durational Capital Management's exit from Casper is inferred from the acquisition announcement; no separate exit confirmation press release was located.
- The Grokipedia source (secondary) places the acquisition in October 2024, consistent with trade press coverage from Sleep Savvy and Retail Dive.