FASTSIGNS franchise acquires Budget Signs

Tuesday, September 27, 2016

 A Salem, Virginia-based franchise of FASTSIGNS International, Inc. acquired Roanoke, Virginia-based Budget Signs, which makes services signs. The franchise is independently owned and operated. FASTSIGNS International is backed by Levine Leichtman Capital Partners. No financial terms were disclosed. Matrix Capital Markets Group Inc served as the sale advisor to Budget Signs on the transaction.

Carrollton, Texas-based Fastsigns is a franchisor in the U.S. and abroad that provides sign and visual graphic solutions.

Budget Signs, headquartered in Roanoke, Virginia, is a full-service sign and crane company that fabricates, installs and services signs in western Virginia, southern West Virginia and northern North Carolina. The company has grown to become recognized as the locally-owned market leader in the geographies it serves and will continue to provide regional service and installation to its diverse customer base under FASTSIGNS" ownership.

Matrix said the transaction was led by Mike Morrison, David Shoulders, William O'Flaherty and Pratik Thakral.

Matrix is an investment bank with offices in Baltimore and Chicago in addition to Richmond. The company provides merger and acquisition and financial advisory services for privately-held, private equity-owned and publicly traded companies.

Ed Armentrout, President of Budget Signs commented, "We are very pleased to have transitioned the ownership of our business to a buyer committed to the continued success and long-term growth of Budget Signs. The Matrix team proved to be extremely valuable in running a highly disciplined process that identified a buyer that satisfied the objectives we were looking to accomplish." David Shoulders, Director at Matrix, added, "It is clear that Ed and Tori Armentrout placed a tremendous amount of importance on securing the right fit for the employees of Budget Signs who helped build the business. We are thrilled that this transaction was successful for them personally and for the ongoing business culturally."

About Matrix's Business Services Group
Matrix's Business Services Group merger & acquisition expertise stems from numerous engagements and extensive research in a number of segments, including call centers, marketing, printing & engraving, staffing, systems integration, tele-services, telecommunications, transportation, utility services and waste management. Team members draw upon a deep bench of transaction experience and analytical resources to successfully manage and complete a wide range of corporate finance transactions, including mergers, acquisitions, and capital raising of debt and equity.

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FASTSIGNS International Inc.
2542 Highlander Way
Carrollton, TX

Phone: (214)346-5600
Toll Free: (800)827-7446
Fax: (972)248-8201

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