The Broe Group and Hudson Valley Parking Trust have acquired Platinum Parking, expanding their reach with over 100,000 new parking spaces across 19 markets.

Information on the Target

The Broe Group, in collaboration with Hudson Valley Parking Trust, has successfully acquired Platinum Parking, a Dallas-based parking management company. This acquisition marks a significant milestone in expanding their operational footprint into 19 new markets across six high-growth states, allowing for the addition of over 100,000 parking spaces across 300 locations. The strategic acquisition of Platinum Parking is the second major venture for the partners in just 30 days, following their acquisition of ICON Parking on July 22, 2024.

Platinum Parking has established itself as a key player in the parking management space, emphasizing a customer-focused approach to service delivery. Its integration into the existing operations of Hudson Valley Parking Trust and The Broe Group aligns perfectly with the vision of redefining the parking experience, ultimately serving a larger customer base across diverse markets.

Industry Overview in the Target’s Specific Country

The parking industry in the United States is continually evolving, valued at approximately $9.4 billion. This growth is driven by urban expansion and increasing demand for efficient parking solutions, particu