Blog Publisher’s
Comment:
FastSigns was founded by Gary Salomon, but Gary sold most of his stake
in FastSigns International years ago, at the time he retired from active
management in the company. Shortly after
that (or around that time), Catherine Monson joined the company as its CEO, and
Catherine has done an outstanding job growing FastSign International’s
business. Congratulations to Catherine
on her partnership with Levine Leichtman Partners!
Levine Leichtman
Capital Partners has partnered with management to complete the acquisition of
FASTSIGNS International.
Levine Leichtman
Capital Partners, a Los Angeles-based private equity firm, has partnered
with management to complete the acquisition of FASTSIGNS International.
FASTSIGNS is the market leading franchisor in the custom sign and graphics
industry with nearly 550 franchised locations across 44 US states and
eight international countries with additional franchises recently sold and soon
to open in the UAE and Northern Africa. FASTSIGNS is a sign, graphics and
visual communications company that helps customers of all sizes – across all
industries – meet their business objectives and increase their business
visibility. Some of the products and services that FASTSIGNS uses to provide
comprehensive solutions include vehicle, floor and window graphics, point of
purchase signs, digital signs, labels and decals, architectural and interior
décor signs, printing, promotional products and wearables, mobile marketing and
other related marketing services. FASTSIGNS was founded in 1985 and is
headquartered outside of Dallas, TX.
FASTSIGNS is the
fourth investment from Levine Leichtman Capital Partners V, L.P. Lauren
Leichtman, Co-Founder and CEO of LLCP, said, “We couldn’t be more excited to
partner with Catherine Monson whom has driven strong performance and solidified
FASTSIGNS’ position as the market leader since joining as CEO in 2009. The
Company’s growth prospects and strong cash flow characteristics resemble those
of past successful LLCP franchise investments, and we look forward to our
partnership with the Company to generate another great outcome.”
Catherine
Monson, FASTSIGNS Chief Executive Officer, commented, “Having a partner that
understands franchising and the importance of providing valuable support to
franchisees was critical to us in selecting our next financial partner. The
deep experience LLCP has investing in franchise businesses inspired great
confidence among my management team that they are the right partner to support
our continued growth.” FASTSIGNS was advised by North Point Advisors.
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