Investment Summary

Argo Infrastructure Partners Invests In LAZ Parking

On December 30, 2021, infrastructure investor Argo Infrastructure Partners invested in consumer services company LAZ Parking

Investment Highlights
  • This is Argo Infrastructure Partners’ 1st transaction in the Consumer Services sector.
  • This is Argo Infrastructure Partners’ 2nd transaction in the United States.
  • This is Argo Infrastructure Partners’ 2nd transaction in Connecticut.

Investment Summary
Date 2021-12-30
Target LAZ Parking
Sector Consumer Services
Investor(s) Argo Infrastructure Partners
Deal Type Stake Purchase

Target

LAZ Parking

Hartford, Connecticut, United States
LAZ Parking is a parking operator in the United States with operations in over 3k+ locations. LAZ offers a vast array of parking services including facility management, billing, collections, maintenance, valet parking and shuttles. LAZ Parking was founded in 1981 and is based in Hartford, Connecticut.

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Investor(S) 1

Investor

Argo Infrastructure Partners

Category Infrastructure
Founded 2013
PE ASSETS 6.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Argo Infrastructure Partners is a private equity firm focused on infrastructure investments. Specific areas of interest include regulated utilities, energy, renewables, and transportation. The Firm seeks long-term and sustainable partnerships when considering investing in new companies or projects. Argo Infrastructure Partners was founded in 2013 and is headquartered in New York, New York.

DEAL STATS #
Overall 2 of 4
Sector (Consumer Services) 1 of 1
Type (Stake Purchase) 1 of 1
State (Connecticut) 2 of 2
Country (United States) 2 of 4
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-27 Hudson Project

Fairfield, Connecticut, United States

Hudson is a 660 MW, 345 kilovolt transmission line that will be built between Ridgefield, NJ and midtown Manhattan. The Hudson-sponsored project will include approximately eight miles of buried transmission cable, four miles of which will be installed beneath the Hudson River, and a converter station in Ridgefield that will convert alternating current (“AC”) power into direct current (“DC”) power for purposes of efficient transmission, and back to AC power for distribution to the New York Power Authority’s (“NYPA”) New York City customers. Hudson Project was founded in 2009 and is based in Fairfield, Connecticut.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-06 Corning

Corning, New York, United States

Corning provides natural gas and electric service to customers in New York and Pennsylvania through its operating subsidiaries Corning Natural Gas, Pike County Light & Power, and Leatherstocking Gas Company. Corning was formed in 1904 and is based in Corning, New York.

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