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SP Plus Corporation is an American provider of parking facility management services. It is a provider of parking, baggage handling, ground transportation, facility maintenance, event logistics, and security services across the United States and Canada. [ 1 ]
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In 2023, the company raised $1.8 billion in funding, led by investors Eldridge and 3L, [7] before its $1.5 billion acquisition of SP Plus Corporation. [8] The deal was completed in 2024, taking SP Plus private. [9] This merger made it the largest parking operator in North America. [10]
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SP Plus (SP) delivered earnings and revenue surprises of 5.26% and 6.42%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?
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