Q-Park BV, backed by KKR, acquired Société d’Assistance et Gestion du Stationnement (SAGS) to reinforce its market position in France's parking management sector.
Information on the Target
Société d’Assistance et Gestion du Stationnement (SAGS) is recognized as the fourth largest parking management company in France, operating a total of 59 parking facilities that encompass over 162,000 parking spaces. The company has a significant presence in several French cities and popular tourist destinations, particularly near the Alps. SAGS specializes in the management and operation of parking facilities for municipalities, as well as select privately owned properties.
With a diverse portfolio of managed locations, SAGS plays a crucial role in enhancing urban mobility and accessibility in high-demand areas, contributing to effective traffic management and convenience for users.
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Industry Overview in France
The parking management industry in France has witnessed substantial growth, fueled by increasing urbanization and rising vehicle ownership. As
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Q-Park BV
invested in
Société d’Assistance et Gestion du Stationnement (SAGS)
in 2024
in a Buyout deal
Disclosed details
Revenue: $888M