M&A Deal Summary

Towne Park Acquires Park Plus Airport Parking

On May 3, 2017, Towne Park acquired consumer services company Park Plus Airport Parking

Acquisition Highlights
  • This is Towne Park’s 2nd transaction in the Consumer Services sector.
  • This is Towne Park’s 5th transaction in the United States.
  • This is Towne Park’s 2nd transaction in New Jersey.

M&A Deal Summary
Date 2017-05-03
Target Park Plus Airport Parking
Sector Consumer Services
Buyer(s) Towne Park
Deal Type Add-on Acquisition

Target

Park Plus Airport Parking

Newark, New Jersey, United States
Park Plus Airport Parking is a provider of parking solutions and valet services to hotels and airports. Park Plus Airport Parking was established in 2010 and is headquartered in Newark, New Jersey.

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Buyer(S) 1

Buyer

Towne Park

Annapolis, Maryland, United States
Category Company
Founded 1988
Sector Business Services
Employees2,500
DESCRIPTION

Towne Park is a provider of contracted hospitality services and parking systems nationwide. Towne Park was founded in 1988 and is based in Annapolis, Maryland.

DEAL STATS #
Overall 5 of 6
Sector (Consumer Services) 2 of 2
Type (Add-on Acquisition) 4 of 4
State (New Jersey) 2 of 2
Country (United States) 5 of 6
Year (2017) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-08 CitiPark

New Jersey, United States

CitiPark is a provider of hospitality and parking solutions for hotels, hospitals and special events with operations in New Jersey, New York and Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-05 UPP Global

Portland, Michigan, United States

UPP Global is a full-service parking management company that serves its clients and customers by driving financial and operational value, and its integrity and proven commitment to keeping pace with ever-changing demands have been the foundation behind the company’s rapid growth. UPP Global was founded in 2012 and is based in Portland, Michigan.

Buy -
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