Bombe Asset Management completed the acquisition of a majority stake in The Parking REIT for $125m.

Bombe Asset Management, an alternative asset management company, completed the acquisition of a majority stake in The Parking REIT, a real estate investment trust, for $125m. "The transportation industry is experiencing exciting changes, which creates opportunities for innovation and strategic growth, and most importantly, maintaining relevancy and usefulness for the consumers that use these car parks. Parking is critical to the transportation experience, particularly following the COVID pandemic, and we are looking forward to taking The Parking REIT to the next stages of its growth," Stephanie Hogue, Bombe Managing Partner.