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Veronica Garabelli// September 27, 2016//
Roanoke-based Budget Signs LLC has been sold to a Salem-based franchise of Fastsigns.
The deal was announced by Richmond-based Matrix Capital Markets Group Inc., which served as the sale advisor to Budget Signs. Financial details were not disclosed.
Carrollton, Texas-based Fastsigns is a franchisor in the U.S. and abroad that provides sign and visual graphic solutions.
Budget Signs is a sign and crane company that fabricates, installs and services signs in Virginia, West Virginia and North Carolina.
Matrix said the transaction was led by Mike Morrison, David Shoulders, William O’Flaherty and Pratik Thakral.
Matrix is an investment bank 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.
