M&A Deal Summary

Towne Park Acquires Valet Parking Services

On January 5, 2017, Towne Park acquired consumer services company Valet Parking Services

Acquisition Highlights
  • This is Towne Park’s 1st transaction in the Consumer Services sector.
  • This is Towne Park’s 3rd transaction in the United States.
  • This is Towne Park’s 1st transaction in Utah.

M&A Deal Summary
Date 2017-01-05
Target Valet Parking Services
Sector Consumer Services
Buyer(s) Towne Park
Deal Type Add-on Acquisition

Target

Valet Parking Services

Salt Lake City, Utah, United States
Valet Parking Services is a provider of valet services in US.

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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 3 of 6
Sector (Consumer Services) 1 of 2
Type (Add-on Acquisition) 2 of 4
State (Utah) 1 of 1
Country (United States) 3 of 6
Year (2017) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-03 M.V.P. Services

Cleveland, Ohio, United States

M.V.P. Services is a valet service company in Cleveland, Ohio. M.V.P. is the valet of choice for nearly all of Cleveland’s entertainment districts and most of its leading hotels.

Buy -
FOLLOWING 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 -
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