Pay / Appeal Parking Charge

Acquisition of Peak Parking in America

02 APR 2025
Press Release

Smart Parking enters the US market with the acquisition of Peak Parking

Smart Parking acquires Peak Parking and expands into the US market. Smart Parking, the leading provider of parking technology and management services, has recently announced the acquisition of Texas-based Peak Parking, thereby increasing its parking footprint.

Acquisition overview:

  • Compelling strategic fit; building global scale
  • The acquisition adds 134 new customer sites to the managed portfolio
  • Peak Parking currently focuses on parking garage management, valet parking, special events parking, enforcement services and consulting services
  • Transaction purchase price of USD $36m funded from existing cash reserves, debt, SPZ shares and an equity raising of AUD$45m

Smart Parking Limited (ASX:SPZ) is pleased to announce the acquisition of Peak Parking, a Texas-based company founded in 2016. Peak manages 134 sites across multiple states in the US. The business currently offers a mix of parking garage management, valet parking, special events parking, enforcement services and consulting services.

With this acquisition, Peak Parking will benefit from Smart Parking’s market-leading proprietary technology and deep domain expertise. This action solidifies Smart Parking's position as a key player in the worldwide parking industry.

Acquisition of Peak Parking in America
“We are delighted to announce the acquisition of Texas-based Peak Parking, a strategic deal that broadens our global operations into the US, the largest parking operations market in the world.

Peak Parking has built a well-respected parking management business since its beginning in 2016, which has resulted in an attractive and diverse portfolio of sites across the US. We are looking forward to welcoming the Peak team to Smart Parking and sharing our expertise and technology to accelerate long-term growth in this exciting market”.

Will Spielhagen founder of Peak Parking said;

“I am confident that our transaction with Smart Parking will unlock unparalleled opportunities for our clients, setting a new benchmark among parking operators in the U.S. market. We are excited by the prospect of delivering the highest calibre of service in the industry.”

CEO | Smart Parking

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