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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] Until December 2013, it was known as Standard Parking Corporation.
Shareholders of SP Plus will receive $54 per share, representing a premium of 52.5% over the stock's closing price on Wednesday. The offer price values SP Plus at $1.06 billion.
In 2022, Metropolis Technologies acquired the Nashville based company Premier Parking in 2022. As part of the merger, Premier CEO Ryan Hunt joined Metropolis as chief revenue officer. [11] In 2023, the company raised $1.8 billion in funding, led by investors Eldridge and 3L, [12] before its $1.5 billion acquisition of SP Plus Corporation. [13]
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?
Pages in category "Parking companies" The following 34 pages are in this category, out of 34 total. ... SP Plus Corporation; SpotHero; T. Toronto Parking Authority;
SpotHero was founded by Mark Lawrence and Jeremy Smith in Chicago in 2011, with co-founder Larry Kiss joining the company soon after. [3] [4] The company started out as a peer-to-peer parking marketplace, where people could rent out their own private parking spots, before expanding the platform to partner with parking companies and garages.
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