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M&A Deal Summary

Parking Guidance Systems Acquires ParkZen

On April 21, 2025, Parking Guidance Systems acquired software company ParkZen

Acquisition Highlights
  • This is Parking Guidance Systems’ 1st transaction in the Software sector.
  • This is Parking Guidance Systems’ 1st transaction in the United States.
  • This is Parking Guidance Systems’ 1st transaction in Louisiana.

M&A Deal Summary
Date 2025-04-21
Target ParkZen
Sector Software
Buyer(s) Parking Guidance Systems
Deal Type Add-on Acquisition

Target

ParkZen

Baton Rouge, Louisiana, United States
ParkZen is a parking software development company. ParkZen's technology uses geofencing and crowdsourcing for real-time parking availability for all parking lots and garages across a range of end markets. ParkZen's product offering further extends into a geofence-driven seamless parking payment platform and a real-time customer dashboard to monitor occupancy levels, generate reports, and drive predictive analytics. ParkZen was founded in 2020 and is based in Baton Rouge, Louisiana.

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Buyer(S) 1

Buyer

Parking Guidance Systems

Richmond, Texas, United States
Category Company
Founded 2013
Sector Information Technology
DESCRIPTION

Parking Guidance Systems, powered by INDECT parking guidance technology, has installed more than 200 systems comprising of nearly 360,000 parking spaces since its inception. PGS works with large airports, universities, mixed-use developments, hospitals, and corporate campuses across the country. PGS maintains offices in Houston, Dallas, Orlando, Miami, San Diego, and the Washington, DC area. Parking Guidance Systems was founded in 2013 and is based in Richmond, Texas.

DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Louisiana M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2025 M&A 1 of 1
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