LAZ Parking completes acquisition of International Parking Management, Inc. (IPM) to expand presence in Seattle
Acquiring Company
Laz Parking
Acquired Company
International Parking Management (IPM)
HartfordSeattleDescription
LAZ Parking, the largest privately held parking company in America, has announced the acquisition of Seattle-based International Parking Management, Inc. (IPM). With this acquisition, LAZ Parking adds 14,000 parking spaces to its portfolio, strengthening its position as a market leader in the Seattle metro area. The combined assets of LAZ and IPM will create a significant footprint in Seattle and surrounding communities, enhancing the ability to deliver state-of-the-art parking experiences to customers and clients.
Quick answer
Laz Parking is acquiring International Parking Management (IPM), announced April 4, 2024. Laz Parking is based in Hartford, Vermont, United States.
- How much did Laz Parking pay for International Parking Management (IPM)?
- The deal value was not disclosed.
- What does Laz Parking do?
- LAZ Parking is the largest privately-owned parking operator in the United States and a pioneer in digital parking technology.
- Where are Laz Parking and International Parking Management (IPM) based?
- Laz Parking is based in Hartford, Vermont, United States. International Parking Management (IPM) is based in Seattle, Washington, United States.
- Who are the decision-makers at Laz Parking?
- Fundz holds 1 contact at Laz Parking. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who to call at Laz Parking, and when
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Frequently asked
Who acquired International Parking Management (IPM)?
International Parking Management (IPM) was acquired by Laz Parking, based in Hartford. The deal was reported on April 4, 2024. LAZ Parking is the largest privately-owned parking operator in the United States and a pioneer in digital parking technology. Laz Parking is privately held.
When did Laz Parking acquire International Parking Management (IPM)?
Laz Parking's acquisition of International Parking Management (IPM) was reported on April 4, 2024. LAZ Parking, the largest privately held parking company in America, has announced the acquisition of Seattle-based International Parking Management, Inc. (IPM). Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does International Parking Management (IPM) do?
IPM is a parking market leader in Seattle with a history dating back to 1985. With 74 employees and $40 million in managed revenues, IPM has extensive local knowledge, long-standing relationships, and an extensive portfolio that offers storage opportunities. It is privately held, and is based in Seattle.
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