FASTSIGNS parent Propelled Brands buys salon franchisor

As an indication the company is moving further away from its copyshop roots, Propelled Brands, the corporate umbrella of FASTSIGNS International. Inc., announced its acquisition of Suite Management Franchising, LLC, the parent company of MY SALON Suite and Salon Plaza®, two salon suite franchisors. Propelled Brands is the corporate umbrella of FASTSIGNS, SIGNWAVE, and NerdsToGo.

“We are excited to welcome Suite Management Franchising, a proven franchise organization in the salon suite industry, into our family,” said Catherine Monson, President and CEO of Propelled Brands and Chair of the International Franchising Association. “SMF and its focus on helping entrepreneurs achieve their goals of small business ownership fits perfectly with the Propelled Brands mission. We look forward to cultivating the rapid growth and continued development that will benefit MY SALON Suite and Salon Plaza members, franchisees, and team members.”

SMF was founded in 2010 and is a part of the large and growing salon suite industry with 201 locations in 34 states and 2 countries.

“We look forward to growing this business with existing franchisees and introducing the MY SALON Suite and Salon Plaza brands to a new group of potential franchisees and customers,” added Monson. “Our goal is to add value to the business as well as to expand and grow the MY SALON Suite and Salon Plaza brands.”