M&A Deal Summary

MAG USA Acquires AirportParkingReservations.com

On June 23, 2020, MAG USA acquired internet software and services company AirportParkingReservations.com

Acquisition Highlights
  • This is MAG USA’s 3rd transaction in the Internet Software and Services sector.
  • This is MAG USA’s 3rd transaction in the United States.
  • This is MAG USA’s 3rd transaction in California.

M&A Deal Summary

Date 2020-06-23
Target AirportParkingReservations.com
Sector Internet Software and Services
Buyer(s) MAG USA
Deal Type Add-on Acquisition

Target

AirportParkingReservations.com

Santa Monica, California, United States
AirportParkingReservations.com, Inc. provides a solution for the best deals on airport parking on the Internet. The company compares all on and off-airport parking options to find the best deals from its top-notch parking operators. AirportParkingReservations was formed in 2000 and is based in Santa Monica, California.

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Buyer(S) 1

Buyer

MAG USA

Chicago, Illinois, United States

Category Company
Founded 2015
Sector Aerospace
DESCRIPTION

MAG USA is the United States ‘go-to’ organization for delivering market-leading commercial solutions that drive revenue for operators and transform customer experiences for travelers. It focuses on Airport Lounges, Car Parking Services, Distribution, and P3, Retail, and Terminal Development. MAG USA was formed in 2015 and is based in Chicago, Illinois.


DEAL STATS #
Overall 3 of 3
Sector: Internet Software and Services M&A 3 of 3
Type: Add-on Acquisition M&A Deals 3 of 3
State: California M&A 3 of 3
Country: United States M&A 3 of 3
Year: 2020 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-23 ParkSleepFly

Santa Monica, California, United States

ParkSleepFly, Inc. is a provider of the online park and stay hotel packages. Often less than the cost of airport parking alone, these packages, offer convenient parking and hotel accommodation options when leaving or returning from vacation. ParkSleepFly was founded in 2003 and is based in Santa Monica, California.

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