FASTSIGNS International, Inc.’s parent company, Propelled Brands has recently closed a landmark acquisition. The acquisition of Suite Management Franchising, the parent company of MY SALON Suite® and Salon Plaza®, two rapidly growing salon suite franchisors, comes at a critical moment in time for the continued growth of FASTSIGNS and the other brands under the Propelled Brands umbrella.
“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.”
With over a decade of experience under their belt – gathered over 201 locations spread across 34 states and 2 countries, Suite Management Franchising continues to be a true leader in the suite industry that has exploded specifically in the past couple of years. The business is well-positioned and on track for continued and sustainable growth as consumers seek out private salon space.
“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.”
As we continue to look for ways to grow our current franchise offerings, as well as the services our franchisees are able to offer, Propelled Brands is excited to partner with other service-oriented franchise concepts that align with its forward-thinking growth objectives. For more information or to learn about opportunities with Propelled Brands, visit propelledbrands.com.
You can read more about this new partnership here.
If you’re searching for a sign to embark on a new franchise opportunity, this is it. Give our team a call at (888) 285-5935 or contact us online to learn more!