Smart Parking acquires American Parking and accelerates US market expansion
16 JUL 2026
The strategic acquisition adds 54 managed parking locations across Oklahoma, Texas, and Arkansas, positioning Smart Parking for rapid technology deployment across the US market.
Smart Parking Limited (ASX: SPZ), a global leader in parking technology and services, has announced the successful acquisition of 100% of the issued capital of Oklahoma-based boutique operator American Parking. The landmark transaction marks a significant step in Smart Parking’s US growth strategy, expanding its operational footprint and creating new opportunities to deploy its market-leading parking technology across the region.
Strengthening Smart Parking’s presence in the United States
The acquisition marks an important milestone in Smart Parking’s continued expansion across North America. By integrating American Parking’s established operations, Smart Parking strengthens its presence beyond its current Texas operations and extends its reach into Oklahoma and Arkansas.
This strategic move significantly enhances the company’s managed parking portfolio and strengthens the regional network, enabling scalable, technology-driven parking solutions for clients across multiple states.
Key highlights of the acquisition
The acquisition delivers several compelling strategic and financial benefits:
- Strategic Expansion: Broadens Smart Parking’s US footprint into adjacent states.
- Portfolio Growth: Adds 54 premium managed parking locations across Oklahoma, Texas, and Arkansas.
- Technology Deployment: Creates immediate opportunities to modernise legacy and manually operated parking facilities through Smart Parking’s proprietary SmartCloud enterprise platform.
- Transaction Value: The acquisition was completed for USD $12 million, funded by a combination of existing cash reserves, debt facilities, and SPZ shares.
- Strong Financial Performance: American Parking generated approximately USD $8 million in revenue and USD $1.4 million in EBITDA in 2025.
Accelerating digital transformation through SmartCloud
One of the most exciting aspects of the acquisition is the opportunity to rapidly deploy Smart Parking’s proprietary SmartCloud enterprise platform throughout American Parking’s portfolio.
Many of the acquired locations currently rely on legacy systems or manual processes. By implementing SmartCloud, Smart Parking can introduce advanced parking management capabilities, including real-time monitoring, automated enforcement, digital payment solutions, data analytics, and an improved customer experience.
This technology integration is expected to drive greater operational efficiency and increase revenue potential for landowners. It will also provide enhanced reporting and management tools for property owners and operators.
A strategic fit for long-term growth
American Parking has built a strong reputation for managing premium parking assets throughout the south-central United States. Its established customer relationships and regional expertise make it a natural fit for Smart Parking’s broader growth strategy.
The acquisition not only expands Smart Parking’s operational scale but also strengthens its ability to serve commercial property owners, municipalities, hospitals, retail destinations, and mixed-use developments through innovative parking technology solutions.
As urban mobility continues to evolve, demand for intelligent parking management systems is rising. Smart Parking is well positioned to meet this demand by combining local operational expertise with globally proven technology.
Looking ahead
The acquisition of American Parking is more than an expansion of locations; it demonstrates Smart Parking’s commitment to accelerating innovation within the US parking industry.
With an additional 54 managed sites and immediate opportunities to deploy its SmartCloud platform, Smart Parking is well positioned to deliver greater value to customers and drive long-term growth for shareholders.
As the company continues to invest in technology-led parking solutions, this acquisition marks another important step towards building one of the most advanced and scalable parking management networks in the United States. Talk to a Smart Parking representative today to learn how our solutions can help you too!
Testimonial:
“We are delighted to welcome the American Parking team and customers to the Smart Parking Group. American Parking has built a well-run, highly respected parking management business, with growth delivered over many years. This has resulted in an attractive and diverse portfolio of sites under management across US States such as Oklahoma, Texas and Arkansas. We look forward to working with the AP team and clients to continue to scale, improve profitability and deliver an enhanced customer experience through the installation of SPZ’s proprietary technology.”
SPZ is still very early in our growth trajectory, and we continue to evaluate opportunities in the large and attractive US parking market. I am looking forward to relocating to the US to drive business performance in H1 FY27.
Paul Gillespie, Chief Executive Officer, Smart Parking Limited
