M&A Deal Summary

ABRY Partners Acquires Propark Mobility

On January 1, 2023, private equity firm ABRY Partners acquired business services company Propark Mobility

Acquisition Highlights
  • This is ABRY Partners’ 21st transaction in the Business Services sector.
  • This is ABRY Partners’ 141st transaction in the United States.
  • This is ABRY Partners’ 2nd transaction in Connecticut.

M&A Deal Summary
Date 2023-01-01
Target Propark Mobility
Sector Business Services
Buyer(s) ABRY Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Propark Mobility

Hartford, Connecticut, United States
Propark Mobility is a provider of full-service parking and mobility services for over 500 hospitality, healthcare, commercial and off-airport locations. Propark Mobility is based in Hartford, Connecticut.

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Buyer(S) 1

Buyer

ABRY Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 12.8B USD
Size Mega
Type Sector Focused
DESCRIPTION

ABRY Partners is a media and communications focused private equity investment firm. Specific areas of interest include television, publishing, convention/trade shows, for-profit training, couponing, monitoring services, telephone companies, communications towers, music libraries, database providers, wireless communications, and in-store advertisers. ABRY can provide both equity and mezzanine capital, typically committing $20 to $200 million of equity or $15 to $50 million of mezzanine capital per transaction. Prospective transaction situations include buyouts, expansion financings, platform acquisitions, consolidations, and recapitalizations. ABRY Partners was formed in 1989 and is headquartered in Boston, Massachusetts.

DEAL STATS #
Overall 165 of 171
Sector (Business Services) 21 of 22
Type (Buyout (LBO, MBO, MBI)) 43 of 44
State (Connecticut) 2 of 2
Country (United States) 141 of 145
Year (2023) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-20 Better Protection

Oakbrook Terrace, Illinois, United States

Better Protection is a commercial fire protection provider servicing fire detection, alarm and suppression systems. Better Protection is based in Oakbrook Terrace, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-26 TeraSky

Petach Tikva, Israel

TeraSky is a technology integrator that combines a deep understanding of traditional IT with intimate knowledge of the latest cloud technologies. The company crafts masterful solutions for companies anywhere on the digitalization spectrum, from conventional businesses undergoing digital transformations to born-to-the-cloud startups facing the challenges of expansion & scaling. Partnering with leading technology providers, its elite team of forward-thinkers and competent doers designs and builds the application and data infrastructures in clouds and data centers. TeraSky was founded in 2010 and is based in Petach Tikva, Israel.

Buy -
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