Beverly Hills private equity firm Levine Leichtman Capital Partners has completed the sale of Display Holding Co. Inc. to two Santa Monica-based private equity firms, and management with the Carrollton, Texas-based signage company.

The Santa Monica private equity firms, LightBay Capital and Freeman Spogli & Co., partnered together along with Display Holding’s management, to purchase the parent firm, known as Fastsigns International Inc., which is the largest franchisor in the signage and visual graphics industry.

Terms of the financial deal were not disclosed.

Fastsigns, which is headquartered in Carrollton, Texas, is a signage and visual graphics franchisor with more than 700 locations across 45 states and eight countries, and serves 650,000 businesses.

“We are proud to have enhanced the value of Fastsigns through various avenues including accelerating franchise development both domestically and internationally, as well as driving same-store sales growth via new products and services, enhanced marketing programs and increased outside sales personnel,” said Lauren Leichtman, founding partner and co-chairperson of the executive committee of Levine Leichtman, in a statement.

Levine Leichtman’s portfolio includes Italian restaurant chain Bertucci’s Inc., cushion-maker Allied Aerofoam Products, and custom stainless product maker Brass Smith Innovations, among other interests.

North Point Advisors and Harris Williams served as financial advisors and Kirkland & Ellis and Greenberg Traurig served as legal advisors to Fastsigns in connection with the sale.

Finance reporter Pat Maio can be reached at [email protected] or (323) 556-8329.