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Announced

Completed

Greenbriar Equity completed the acquisition of Towne Park from TA 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

Domestic

Private Equity

Single Bidder

United States

Majority

hospitality

Hotels and Motels

Private

Completed

Friendly

Synopsis

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Greenbriar Equity, a private equity firm, completed the acquisition of Towne Park, a tech-enabled, multi-service parking and hospitality solutions provider, from TA Associates, an early modern-era private equity firms. Financial terms were not disclosed. "We are excited to partner with Greenbriar as we enter this next phase of Towne Park's growth and success. Our values and approach are very much aligned, and we have a collective commitment to enhancing the Company's capabilities and client solutions to accelerate our growth and provide greater opportunities for our team members. We look forward to working together and benefiting from Greenbriar's significant expertise and successful track-record in expanding and scaling tech-enabled service platforms like Towne Park," Andrew Kerin, Towne Park CEO.

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