FASTSIGNS International Acquired by LightBay Capital and Spogli & Co.
LightBay Capital and Freeman Spogli & Co. have partnered together, along with management, to acquire FASTSIGNS International, Inc.
Founded in 1985 and headquartered in Carrollton, Texas, FASTSIGNS is a signage and visual graphics company with more than 700 locations across 45 U.S. states and eight other countries. Individual FASTSIGNS locations sell a broad set of graphics-related products, including signs, custom visual communications, interior décor, architectural signage, vehicle graphics, digital signs and offer a variety of value-added services, including consulting, surveying, permitting and installation to all sizes of businesses across all industries.
"The FASTSIGNS team has done a remarkable job building the company into the leading franchisor in the signage and visual graphics industry," says David Burcham, managing director at LightBay. "FASTSIGNS provides substantial value to its franchisees through its experienced franchise support, training and marketing teams, helping its franchisees offer their customers customized products and 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, adds, "FASTSIGNS has a high-quality franchise base, best-in-class management team, and a 30-year track record of impressive performance. We share management's vision for the company and are excited to support its efforts to accelerate growth as long-term investors in the company. "
"We are delighted to partner with LightBay and Freeman Spogli, whose franchising industry expertise, network of relationships and capital will be a valuable resource as we embark on a significant expansion of our footprint," says Catherine Monson, CEO of FASTSIGNS.
LightBay and Freeman Spogli were represented by Proskauer LLP as their legal counsel. FASTSIGNS was represented by Kirkland and Ellis LLP and Greenberg Traurig LLP as its legal advisors, and by North Point Advisors LLC and Harris Williams & Co. as its financial advisors. Ares Capital Corporation and other affiliated Ares Management funds provided senior debt financing to FASTSIGNS in connection with the acquisition.
The preceding press release was provided by a company unaffiliated with Wide-Format Impressions. The views expressed within do not directly reflect the thoughts or opinions of Wide-Format Impressions.