VANCOUVER, Jan. 3, 2013 /CNW/ - Imperial Parking Corporation ("Impark"),
one of North America's leading parking operators, today announced it
has completed the acquisition of City Center Parking, a parking
management company based in Portland, Oregon. City Center Parking
operates 198 parking facilities in Portland and Salem, Oregon, and
Vancouver, Washington. The terms of the transaction were not
disclosed.
City Center Parking's managing partners, Greg & Mark Goodman, will
continue to be involved in the business on an ongoing basis. Commenting
on the transaction, Greg Goodman stated, "The Company was started by
our grandparents and grew substantially through the efforts of my
father, Doug Goodman. In selling our parking business we were looking
for a buyer who would continue the commitment to playing an active role
in the Portland community. We have every confidence that Impark is an
extremely capable custodian for the company going forward, so much so
that we agreed to enter into long-term operating contracts with Impark
to manage all 28 of our family's properties used for parking." Mark
Goodman added, "Due in large part to the hard work of our 460 dedicated
employees, City Center Parking has built long standing relationships
with its clients and customers, and we know that Impark will continue
to honor those relationships, as well as offer both the clients and
parking customers a new level of expertise and technology".
The acquisition of City Center Parking expands Impark's presence in the
Western United States, and solidifies its position as one of the
largest parking management companies in North America. Allan Copping,
Impark's Chief Executive Officer, said of the transaction, "We are
delighted to have completed the acquisition of such a well-established
company and look forward to continuing to deliver on its long standing
service reputation".
Impark plans to continue to operate the business with by the same
day-to-day management team.
Imperial Parking Corporation (Impark), with U.S. headquarters in
Philadelphia, PA and corporate headquarters in Vancouver, B.C., Canada,
is one of the largest parking management companies in North America
with approximately 2,300 locations, and 4,000 employees.
SOURCE: Impark
