About This Deal

ABM INDUSTRIES INC /DE/ acquired L&R Group of Companies parking assets (Five Star Parking, Network Parking Company Ltd. and System Parking, Inc.), structured as Asset purchase (substantially all assets of three parking companies).

L&R Group of Companies parking assets (Five Star Parking, Network Parking Company Ltd. and System Parking, Inc.) operates in Parking services, is based in United States. ABM's Ampco System Parking subsidiary acquired substantially all of the assets of three parking companies within the L&R Group of Companies — Five Star Parking, Network Parking Company Ltd. and System Parking, Inc. The acquisition expanded ABM's national parking operations.

Expand ABM's national parking operations by adding the assets and contracts of three L&R Group parking businesses.

Deal Terms

Acquirer
ABM INDUSTRIES INC /DE/
Target
L&R Group of Companies parking assets (Five Star Parking, Network Parking Company Ltd. and System Parking, Inc.)
Value
Not disclosed
Date
Not disclosed
Type
Acquisition
Status
Official-source — no SEC filing

Transaction Details

Target HQ
United States
Segment
Parking services
Structure
Asset purchase (substantially all assets of three parking companies)

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗

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