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.

Search 199,847 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

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 -
Mergr

Product

Company

Legal