Fastsigns Explained

Fastsigns International, Inc
Image Alt:Fastsigns in Markham, Ontario
Type:Private
Area Served:United States
Canada
United Kingdom
Mexico
Australia
Cayman Islands
Saudi Arabia
UAE
Industry:Signage
Products:Signs, graphics, decals, displays, and visual communications
Owner:Levine Leichtman Capital Partners
Location:Carrollton, Texas, U.S.
Locations:700

Fastsigns International Inc. (stylized as FASTSIGNS) is the franchisor of Fastsigns centers which provide custom sign and graphics products.[1]

There are currently over 700 Fastsigns locations worldwide in United States, Canada, the U.K., the Cayman Islands, Mexico, Saudi Arabia,[2] the UAE, Chile and Australia (where centers operate under the name Signwave). Countries where the company formerly had locations but no longer operates include Brazil (from which it withdrew in 1996) and Argentina.[3]

History

FASTSIGNS was founded in Austin in 1985 by Gary Salomon and Bob Schanbaum. The first franchise was sold in December 1986,[4] with its first international franchise sold in 1991. The company was bought in October 2003 by Roark Capital Group, an Atlanta-based private equity firm. In 2009, former president of PIP Printing, Catherine Monson, was named CEO of Fastsigns.[5] In July 2014, Fastsigns was acquired by Levine Leichtman Capital Partners, a Beverly Hills-based investment firm.[6]

The creation and growth of Fastsigns was profiled in a case study in the textbook Managing: A Competency-Based Approach.[7]

Notes and References

  1. Web site: . Atlanta private equity group buys Fastsigns . 2003-10-02 . Dallas Business Journal . 2011-04-05.
  2. Web site: Fastsigns to open first franchise in Saudi Arabia . outputmagazine.com . 2 March 2015. https://web.archive.org/web/20150402101538/https://www.outputmagazine.com/manufacturing/trade/fastsigns-to-open-first-franchise-in-saudi-arabia/. 2015-04-02.
  3. News: It's Not Only the Giants with Franchises Abroad . Tahmincioglu . Eve . 2004-02-12 . . 23 April 2011. https://web.archive.org/web/20150402122222/https://www.nytimes.com/2004/02/12/business/small-business-it-s-not-only-the-giants-with-franchises-abroad.html?pagewanted=all&src=pm. 2015-04-02.
  4. Web site: About Fastsigns. https://web.archive.org/web/19970220063600/http://www.fastsigns.com/surface/PR/aboutfs.html. dead. 1997-02-20. official web site, archived 1997-02-02. 2020-02-26. Fastsigns.
  5. Audra London . FASTSIGNS® Names Catherine Monson CEO . 2008-10-18 . Marketwire . 2011-02-05. https://web.archive.org/web/20140812060604/http://www.marketwired.com/press-release/FASTSIGNS-Names-Catherine-Monson-CEO-931879.htm. 2014-08-12.
  6. Levine Leichtman Partners With Management to Acquire FASTSIGNS International, Inc.. 22 July 2014. https://web.archive.org/web/20140729133756/http://www.llcp.com/about_news_fastsigns_7.22.14.html. 2014-07-29.
  7. Book: Hellriegel, Don . Susan E. Jackson . John W. Slocum Jr. . Managing: A Competency-Based Approach . Thomson South-Western . Mason, Ohio . 2008 . 11th . 978-0-324-54375-9 . https://books.google.com/books?id=6ltZtTi6Vo4C&dq=%22fastsigns%22&pg=PT240 . 2011-04-23. Chapter 6: Fostering Entrepreneurship. 198, 210.