Select Comfort is acquiring BAM Labs, a provider of smart bed technology solutions and the Silicon Valley-based pioneer of biometric sensor and sleep monitoring for data-driven health and wellness. Select Comfort previously held an equity investment in BAM of approximately 18% and is now acquiring the remaining interest for approximately $58 million in cash.

Select Comfort also obtained a new $100 million senior secured revolving credit facility, though it does not expect to draw on the facility for the acquisition, which is expected to close in the third quarter of 2015.

According to a related 8-K filing, Select Comfort entered into an agreement with a lender group led by KeyBank, as administrative agent, that provided for a $100 million secured revolving credit facility for working capital, the refinancing of existing indebtedness and for acquisitions.

Select Comfort is being represented by law firm Wilson Sonsini Goodrich & Rosati, Oppenheimer Wolff & Donnelly and is also being advised by Citigroup Global Markets.