Reimagined Parking Completes Private Capital Transaction to Strengthen its Position as a Leader in the Parking Solutions Industry

Reimagined Parking, a leading provider of technology-driven, customer-focused parking solutions, today announced the successful conclusion of a private capital transaction aimed at reinforcing its capital structure and supporting its continued leadership within the parking solutions industry.

The transaction involves a substantial reduction in the company’s senior secured debt, with fresh capital provided by its current financial partners. Additionally, the company is now owned by a consortium of institutional investors with significant expertise in driving growth across various sectors. This development highlights the strong confidence in Reimagined Parking's strategic direction and operational performance.

Alongside this move, the company has named Rick West as its new Chief Executive Officer. With over three decades of experience in the parking industry, Rick has held senior leadership roles in organizations such as Millennium Parking Concession, Central Parking Corporation, and Parking Company of America Airports, as well as advising private equity firms on parking business acquisitions and investments.

"Today marks a pivotal moment for Reimagined Parking," said Rick West, "this transaction not only strengthens our financial foundation but also positions us to continue leading the industry in parking management, valet, shuttle ground transportation, and parking technology products and services. We are excited to welcome our investors, whose experience and support will be invaluable as we drive innovation and expand our platform across North America."

The company will maintain its commitment to delivering high-quality service and innovative solutions to its clients while ensuring seamless operations throughout this transition.

About Reimagined Parking

Reimagined Parking's portfolio includes nationally recognized brands such as Impark, Lanier, Republic Parking, AmeriPark, and Park One. With a workforce of more than 6,600 managing over 2,500 high-density parking facilities across more than 275 North American cities, the Company generates 34 million digital transactions annually, serving high-profile commercial real estate, retail, hospitality, airport, event, healthcare, municipal, and education locations. For more information, please visit www.reimaginedparking.com.