Posts about Acquisitions

Houston, Texas – Propark Mobility announced today that the company acquired Sovereign Services, a parking management provider in Houston, Texas. “Sovereign Services is a phenomenal five-star parking management company. They have led the parking industry in Houston with a guest-first approach that strongly aligns with Propark’s own values. We’re thrilled to welcome them to Propark Mobility and collaborate with their team in Texas,” said David Schmid, Propark’s Chief Investment Officer. For over 30 years, Sovereign Services has provided premier parking… Continue reading →

Washington, D.C. – Monument Parking of Washington, D.C., and Propark Mobility of Hartford, Connecticut, are pleased to announce their new strategic partnership in the Washington-Metropolitan area. Monument Parking, now recognized as one of the most established parking companies in the D.C. region, was founded by Mr. Sylvan Gershowitz and his cofounder, Mr. Alan Slavin, in 1964. Since Mr. Slavin’s passing, Mr. Gershowitz has ascended to the CEO position, continuing to lead Monument as a pre-eminent parking management company throughout the… Continue reading →

Hartford, Connecticut – Propark Mobility announced today that the company has acquired a Los Angeles parking management portfolio, in a transaction that finalized in July 2021. “Our growth strategy includes the strategic acquisition of small to mid-sized parking management companies whose owners are looking for ways to optimize their company’s value and exit their business,” said David Schmid, Propark Mobility’s Chief Investment Officer. “This established portfolio in the Greater Los Angeles marketplace represents a great deal of added value to… Continue reading →