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New Deal


Announced

Completed

SP Plus completed the acquisition of K M P Associates.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Friendly

software-as-a-service

Private

Software

Cross Border

Majority

United Kingdom

Completed

Single Bidder

Synopsis

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SP Plus, a provider of technology-driven mobility solutions for aviation, commercial, hospitality and institutional clients, completed the acquisition of K M P Associates, a software and technology provider serving aviation and commercial parking clients throughout the United States and Europe. Financial terms were not disclosed. "We are pleased to welcome Rhodri and his team of talented software developers and revenue management and digital marketing professionals to SP+. The addition of KMP’s SaaS platform further enhances and complements our existing Sphere suite of technology solutions, which provide our clients with flexible options to meet their mobility needs and optimize their parking assets, through technology-only solutions or a combination of technology and people," Jeffrey Eckerling, SP+ Chief Growth Officer.

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