Teachers' Imperial Parking buys Pacific Parking Management
Imperial Parking Corp, a portfolio investment of Ontario Teachers' Pension Plan, has acquired the assets of Pacific Parking Management, a parking management company based in San Francisco. The financial terms of the transaction were not disclosed. The acquisition adds new facilities to Imperial Parking's current portfolio in the Bay Area, where it is a leading operator. Based in Vancouver, Imperial Parking was in 2011 bought by Ontario Teachers from a joint venture that included U.S. private equity firm Gates Group Capital Partners.
14 July 2014•2 mins read
