Eldridge-backed Metropolis Technologies completed the acquisition of SP Plus for $1.5bn.

Eldridge-backed Metropolis Technologies, a technology company whose computer vision platform enables checkout-free payment experiences, completed the acquisition of SP Plus, a provider of parking, baggage handling, ground transportation, facility maintenance, event logistics, and security services, for $1.5bn. "This unprecedented take-private is a once-in-a-generation opportunity to unite two companies at the top of their fields. This isn't just an acquisition; it's about our shared vision to forge a legacy of innovation and raise the bar for AI in the real world. By deploying our computer vision technology to more than 50 million consumers and our real estate partners globally, we will enable checkout with a speed, ease and convenience that is unparalleled, even online. While transforming the parking experience is our focus and priority today, the opportunities for our growth are limitless. We are excited for the future and we're just getting started," Alex Israel, Metropolis Co-Founder and CEO.