LightBay Capital and Freeman Spogli acquired FASTSIGNS International, the largest franchisor in the signage and visual graphics industry. Founded in 1985 and headquartered in Carrollton, Texas, FASTSIGNS is the market leader in the signage and visual graphics industry with more than 700 locations across 45 U.S. states and eight other countries. Financial terms were not disclosed. "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. "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."