Buyout (LBO, MBO, MBI) • Consumer Services

Arkview Capital and Headway Capital Partners Acquire Icon Parking

On April 4, 2023, private equity firms Arkview Capital and Headway Capital Partners acquired consumer services company Icon Parking

Acquisition Context
  • This is Arkview Capital’s 1st and Headway Capital Partners’ 1st transaction in the Consumer Services sector.
  • This is Arkview Capital’s 4th and Headway Capital Partners’ 4th transaction in the United States.
  • This is Arkview Capital’s 1st and Headway Capital Partners’ 1st transaction in New York.
Investment Fate
  • Icon Parking was sold to a strategic buyer in 2024.

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M&A Deal Summary

Date April 4, 2023
Target Icon Parking
Sector Consumer Services
Buyer(s) Arkview Capital
Headway Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target Company

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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Buyers Overview 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 Context for Buyer #
Overall 4 of 5
Sector: Consumer Services 1 of 1
Type: Buyout (LBO, MBO, MBI) 1 of 2
State: New York 1 of 1
Country: United States 4 of 5
Year: 2023 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-01 Metasys Technologies

Duluth, Georgia, United States

Metasys Technologies is a minority business enterprise (MBE) that specializes in staffing and workforce management solutions for many of the leading Fortune 1000 companies, including AT&T, Berkshire Hathaway, Coca-Cola, Dell, and Home Depot. Metasys serves as a strategic partner to clients looking for a cost-effective solution to manage their temporary workforce, payrolling, and procurement needs. Metasys Technologies was founded in 2000 and is based in Duluth, Georiga.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-22 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.

Sell -
DESCRIPTION

Headway Capital Partners is an investment firm that looks to partner with independent sponsors on a deal?by?deal basis. The Firm invests in the lower middle?market across Europe and North America and looks to commit €15 to €50 million per transaction. Headway Capital Partners was founded in 2004 and is headquartered in London, United Kingdom.


Deal Context for Buyer #
Overall 9 of 14
Sector: Consumer Services 1 of 1
Type: Buyout (LBO, MBO, MBI) 6 of 8
State: New York 1 of 1
Country: United States 4 of 6
Year: 2023 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-04 BDV Solutions

Greenville, South Carolina, United States

BDV Solutions is a tech-enabled, turnkey provider of employment-based immigration services to foreign nationals and employers whose solutions help resolve labor shortages in industries. BDV Solutions was founded in 2013 and is based in Greenville, South Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-12 Campany Roofing

West Palm Beach, Florida, United States

Campany Roofing provides roof maintenance, repair, and replacement services for condominium and homeowner associations, commercial properties, and high-end, single-family homes in South Florida. The company specializes in solutions for property owners and managers facing aging infrastructure, stricter insurance requirements, and a desire to minimize disruption to residents and operations. Campany Roofing was founded in 1995 and is based in West Palm Beach, Florida.

Buy -