M&A Deal Summary

Propark Mobility Acquires Drive Hospitality

On November 4, 2024, Propark Mobility acquired business services company Drive Hospitality

Acquisition Highlights
  • This is Propark Mobility’s 4th transaction in the Business Services sector.
  • This is Propark Mobility’s 6th transaction in the United States.
  • This is Propark Mobility’s 2nd transaction in California.

M&A Deal Summary
Date 2024-11-04
Target Drive Hospitality
Sector Business Services
Buyer(s) Propark Mobility
Deal Type Add-on Acquisition

Target

Drive Hospitality

Los Angeles, California, United States
Drive Hospitality specializes in providing hospitality services with a focus on parking management, including valet and parking attendant solutions. Drive Hospitality is based in Los Angeles, California.

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Buyer(S) 1

Buyer

Propark Mobility

Hartford, Connecticut, United States
Category Company
Sector Business Services
DESCRIPTION

Propark Mobility is a provider of full-service parking and mobility services for over 500 hospitality, healthcare, commercial and off-airport locations. Propark Mobility is based in Hartford, Connecticut.

DEAL STATS #
Overall 6 of 6
Sector (Business Services) 4 of 4
Type (Add-on Acquisition) 6 of 6
State (California) 2 of 2
Country (United States) 6 of 6
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-03 Southern Valet & Transportation

West Columbia, South Carolina, United States

Southern Valet & Transportation is a provider of valet, transportation, and parking management services. The company specializes in managing parking lots and garages of all sizes, offering comprehensive services such as lot management, area clean-up, and citation management. Southern Valet & Transportation was formed in 2005 and is based in West Columbia, South Carolina.

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