Add-on Acquisition • Consumer Services

Towne Park Acquires Valet Parking Services

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

Acquisition Context
  • 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.

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M&A Deal Summary

Date January 5, 2017
Target Valet Parking Services
Sector Consumer Services
Buyer(s) Towne Park
Deal Type Add-on Acquisition

Target Company

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 Overview 1

Buyer

Towne Park

Plymouth Meeting, Pennsylvania, 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 Plymouth Meeting, Pennsylvania.


Deal Context for Buyer #
Overall 3 of 7
Sector: Consumer Services 1 of 2
Type: Add-on Acquisition 2 of 5
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 -