Carrollton, TX—Signage shop franchisor FastSigns International Inc. was purchased by the Los Angeles-based private equity firms of LightBay Capital and Freeman Spogli & Co.
Founded in 1985, FastSigns is one of the largest franchisors in the signage and visual graphics industry. It currently has more than 700 locations across 45 U.S. states and eight other countries.
“The FastSigns team has done a remarkable job building the company into the leading franchisor in the signage and visual graphics industry,” said David Burcham, managing director at LightBay.
“Furthermore, FastSigns provides substantial value to its franchisees through its experienced franchise support, training and marketing teams. It helps its franchisees offer their customers customized products as well as value-add services. We look forward to partnering with Freeman Spogli and the management team to support the company in its next phase of growth.” Brad Brutocao, a partner at Freeman Spogli added: “FastSigns has a high-quality franchise base. It also has a best-in-class management team and a 30-year track record of impressive performance. We share management’s vision for the company. Moreover, we are excited to support its efforts to accelerate growth as long-term investors in the company.”
FastSigns International Management
FastSigns’ management team consists of Catherine Monson, CEO; Ron Herbert, chief financial officer; Mark Jameson, executive vice president of franchise support and development; and also Drue Townsend, senior vice president of marketing. Moreover, the equity firms did not announce any management changes with the acquisition.
“We are delighted to partner with LightBay and Freeman Spogli. Their franchising industry expertise, network of relationships as well as capital will be a valuable resource as we embark on a significant expansion of our footprint,” commented Monson.