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Announced

Completed

John D. Smith and Arkview Capital completed the acquisition of Icon Parking.

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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United States

Acquisition

parking management

Private

Car Parks

Domestic

Private Equity

Friendly

Majority

Completed

Synopsis

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John D. Smith and Arkview Capital, a minority-certified private equity fund, completed the acquisition of Icon Parking, a parking and mobility service provider. Financial terms were not disclosed. “As a leading parking management and mobility services provider in one of the most complex parking markets in the world, Icon is uniquely positioned to leverage its brand -- with 76 years of operating history along with its new digital and advanced analytics platform -- to accelerate the transformation of the US parking industry. When you combine our leadership talent, operating scale, and capabilities with minority ownership, it affords us access and opportunity to harness this tremendous growth opportunity,” John D. Smith, Icon Parking President and CEO.

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