M&A Deal Summary

SP Plus Acquires Roker

On July 25, 2023, SP Plus acquired software company Roker

Acquisition Highlights
  • This is SP Plus’ 1st transaction in the Software sector.
  • This is SP Plus’ 3rd transaction in the United States.
  • This is SP Plus’ 1st transaction in New Jersey.

M&A Deal Summary
Date 2023-07-25
Target Roker
Sector Software
Buyer(s) SP Plus
Deal Type Add-on Acquisition

Target

Roker

Princeton, New Jersey, United States
Roker delivers technology solutions aimed at urban space management inclusive of parking, and enforcement, to enable higher revenue recovery for public safety institutions and the commercial market. Roker creates an ecosystem for smart parking that will converge with smart city initiatives across the globe. Roker is based in Princeton, New Jersey.

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Buyer(S) 1

Buyer

SP Plus

Chicago, Illinois, United States
Category Company
Founded 1929
Sector Consumer Services
Revenue 1.6B USD (2022)
DESCRIPTION

SP Plus is a provider of parking facility management services. The company provides on-site management services at multi-level and surface parking facilities for all major markets of the parking industry. SP Plus was founded in 1929 and is based in Chicago, Illinois.

DEAL STATS #
Overall 4 of 4
Sector (Software) 1 of 1
Type (Add-on Acquisition) 3 of 3
State (New Jersey) 1 of 1
Country (United States) 3 of 3
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-10 DIVRT

Cardiff, California, United States

DIVRT is a software, cloud, and IoT technology company delivering parking management solutions. The company provides a range of proven and deployed cloud-based products for digitizing gated and gateless parking environments with contactless check-in/check-out, mobile payments, enforcement, and advanced live dashboards with rich reporting. DIVRT is based in Cardiff, California.

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