M&A Deal Summary

The Broe Group Acquires Icon Parking

On July 22, 2024, The Broe Group acquired consumer services company Icon Parking from Arkview Capital and Headway Capital Partners

Acquisition Highlights
  • This is The Broe Group’s 1st transaction in the Consumer Services sector.
  • This is The Broe Group’s 2nd transaction in the United States.
  • This is The Broe Group’s 1st transaction in New York.

M&A Deal Summary

Date 2024-07-22
Target Icon Parking
Sector Consumer Services
Buyer(s) The Broe Group
Sellers(s) Arkview Capital
Headway Capital Partners
Deal Type Add-on Acquisition

Target

Icon Parking

New York City, New York, United States
Icon Parking is a provider of parking services in New York City metro and one of the largest in the nation with almost 200 locations. Icon Parking leverages its digital and advanced analytics platform to provide parking operations, management, and related services to clients through extraordinarily engaged team members across commercial office buildings and real estate, food and beverage, municipalities, sports and entertainment, retail, and healthcare, that result in exceptional customer, resident, and tenant experiences. Icon was founded in 1947 and is based in New York City.

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Buyer(S) 1

Buyer

The Broe Group

Denver, Colorado, United States

Category Company
Founded 1972
Sector Diversified
DESCRIPTION

The Broe Group is a diversified company, provides real estate, transportation, energy and investment organization with assets owned and managed across North America. The Broe Group was founded in 1972 and is based in Denver, Colorado.


DEAL STATS #
Overall 2 of 3
Sector (Consumer Services) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (New York) 1 of 1
Country (United States) 2 of 3
Year (2024) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-26 Covia Holdings - Winchester & Western Railroad

Maryland, United States

Covia Holdings Corp. - Winchester & Western Railroad provides point-to-point delivery services.

Buy $105M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-19 Platinum Parking

Dallas, Texas, United States

Platinum Parking operates over 300 facilities in the US and Canada with over 100,000 parking spaces. Platinum Parking was founded in 2000 and is based in Dallas, Texas.

Buy -

Seller(S) 2

DESCRIPTION

Arkview Capital is a private equity firm focused on investing in diversity-oriented companies that understand and are looking to take advantage of the changing shifts in minority demographics. The Firm looks to commit $10 to $30 million per transaction and seeks businesses with stable cash-flows, diverse stakeholders, and operations in industries where customers value diversity. Sectors of interest include financial services, transportation, IT, engineering, manufacturing, automotive, media, telecom, and industrials. Arkview Capital was established in 2020 and is headquartered in Stamford, Connecticut.


DEAL STATS #
Overall 1 of 1
Sector (Consumer Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-04 Icon Parking

New York City, New York, United States

Icon Parking is a provider of parking services in New York City metro and one of the largest in the nation with almost 200 locations. Icon Parking leverages its digital and advanced analytics platform to provide parking operations, management, and related services to clients through extraordinarily engaged team members across commercial office buildings and real estate, food and beverage, municipalities, sports and entertainment, retail, and healthcare, that result in exceptional customer, resident, and tenant experiences. Icon was founded in 1947 and is based in New York City.

Buy -
DESCRIPTION


DEAL STATS #
Overall 2 of 2
Sector (Consumer Services) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-23 SCCI

Harlow, United Kingdom

SCCI is an independent provider of design, installation, and maintenance solutions for next-generation networks and related connected devices and systems. Service lines include the provision of In-building networks, fire & life safety services as well as specialist fiber services. Customers range from Social and Private Housing operators, with a particular focus on multi-dwelling units, corporate clients (including leisure & hospitality and healthcare), as well as telcos/alternative network operators. SCCI was founded in 2007 and is based in Harlow, United Kingdom.

Buy -