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ParkHub completes acquisition of ElimiWait to enhance valet parking solutions

Feb 12, 202510 months ago

Acquiring Company

ParkHub

Acquired Company

ElimiWait

DallasSoftware

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.

Company Information

Company

ParkHub

Location

620 EXPOSITION AVENUE

Dallas, Georgia, United States

About

ParkHub is optimizing the world's journeys by providing cutting-edge enterprise technology to support the destination industry. The company's products offer contactless payment options, real-time operational data, robust performance analytics, and leading integrations with ticketing and parking reservation providers. For more information, visit parkhub.com.

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M&A Insights

Based on deal data
Integration 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