M&A Deal Summary

ParkJockey Global Acquires Imperial Parking

On March 26, 2019, ParkJockey Global acquired business services company Imperial Parking from Ontario Teachers Pension Plan

Acquisition Highlights
  • This is ParkJockey Global’s 2nd transaction in the Business Services sector.
  • This is ParkJockey Global’s 1st transaction in Canada.
  • This is ParkJockey Global’s 1st transaction in British Columbia.

M&A Deal Summary

Date 2019-03-26
Target Imperial Parking
Sector Business Services
Buyer(s) ParkJockey Global
Sellers(s) Ontario Teachers Pension Plan
Deal Type Add-on Acquisition

Target

Imperial Parking

Vancouver, British Columbia, Canada
Imperial Parking Corp. is one of the largest parking management companies in North America, operating approximately 4,600 parking facilities with 16,000 employees in more than 400 cities across the United States and Canada.

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Buyer(S) 1

Buyer

ParkJockey Global

Miami, Florida, United States

Category Company
Founded 2013
Sector Software
DESCRIPTION

ParkJockey Global, Inc. is a fully-integrated parking revenue and access control startup that allows the real estate owners/operators to streamline parking operations using smart software and hardware technologies and data APIs. ParkJockey Global was formed in 2013 and is based in Miami, Florida.


DEAL STATS #
Overall 2 of 2
Sector (Business Services) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (British Columbia) 1 of 1
Country (Canada) 1 of 1
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-26 Citizens Parking

Atlanta, Georgia, United States

Citizens Parking, Inc. is a provider of branded parking services With 3 brands, 1,100 locations. Citizens Parking have harnessed the power of brands and are leveraging a collaborative business platform to seize and capitalize on exceptional opportunities for long term performance.

Buy -

Seller(S) 1

SELLER

Ontario Teachers Pension Plan

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor


Category Pension
Founded 1990
PE ASSETS 242.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Teachers' Private Capital is the direct investment arm of the Ontario Teachers' Pension Plan. Teachers' Private Capital considers both private equity and venture related investments in North America, Europe, and Asia. Teachers' can support direct private equity investments between $100 million and $3 billion. Target sectors include business services, consumer products, retail, diversified industrials, financial services, technology, media, and communications. Teachers' Private Capital also makes private equity fund investments between $50 million and $750 million. Teachers' Private Capital was formed in 1991 and is based in Toronto, with additional offices in London and New York.


DEAL STATS #
Overall 40 of 72
Sector (Business Services) 2 of 5
Type (Add-on Acquisition) 16 of 29
State (British Columbia) 1 of 1
Country (Canada) 7 of 11
Year (2019) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-25 Inmarsat

London, United Kingdom

Inmarsat is a global mobile satellite communications provider that owns and operates a diverse global portfolio of mobile telecommunications satellite networks, and holds a multi-layered, global spectrum portfolio, covering L-band, Ka-band, and S-band, enabling unparalleled breadth and diversity in the solutions it provides. Inmarsat's long-established global distribution network includes not only the world's leading channel partners but also its own strong direct retail capabilities, enabling end-to-end customer service assurance. The company has an unrivalled track record of operating reliable global mobile satellite telecommunications networks, sustaining business and mission critical safety and operational applications for more than 40 years. It is also a major driving force behind technological innovation in mobile satellite communications, sustaining its leadership through a substantial investment and a powerful network of technology and manufacturing partners. Inmarsat was formed in 1979 and is based in London.

Buy $3.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-13 Canbriam Energy

Calgary, Alberta, Canada

Canbriam Energy Inc. is a private company focused on unconventional resource exploration and development. Canbriam Energy was founded in 2007 and is based in Calgary, Canada.

Sell -