Propelled Brands was highlighted in an article from Franchise Times clearly stating that the past 12 months has been a year of M&A, including new umbrella companies with catchy names, formed by franchisors who then acquire complementary brands.
This past March, Propelled Brands became the new multi-brand platform company of Fastsigns and NerdsToGo. At the helm is Catherine Monson, who’s also chair of the International Franchise Association. Then in July 2021, Propelled Brands acquired Suite Management Franchising. “I’m disappointed it took us a year and six months to make our first acquisition. You’ve got to kiss a lot of frogs before you find a prince,” Monson said about acquiring NerdsToGo, an IT services franchise, in October 2020.
Read the full article from Franchise Times including: the double-edged SPAC, the newcomers to the space, an old-timer, rehabilitated, a brand back from the brink and a few other new brands making some waves in this industry.
About Propelled Brands®
Propelled Brands is the multi-brand platform company of FASTSIGNS®, SIGNWAVE® and NerdsToGo®. Focused on service-oriented franchises, the Propelled Brands team assists each brand in its portfolio to confidently navigate forward based on their unique position, momentum and purpose. Propelled Brands advances the strategic path for each brand, offering support, guidance and a clear vision to fully equip every franchisee, helping them maximize success.
Propelled Brands is looking 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.