ParkHub completes acquisition of ElimiWait to enhance valet parking solutions
Feb 12, 2025•10 months ago
Acquiring Company
ParkHub
Acquired Company
ElimiWait
Description
ParkHub, the leading North American provider of parking software solutions, has announced the acquisition of ElimiWait. This strategic acquisition reinforces ParkHub’s position as the most comprehensive parking solutions provider in North America by incorporating ElimiWait’s innovative valet management tools into its suite of offerings. The acquisition ensures that ParkHub can meet client demands for valet parking services within a fully integrated solution for managing their parking operations, enhancing efficiency, elevating customer service, and supporting data-driven decision-making for operators.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed