FlashParking Acquires Parking Division of Control Systems Incorporated (CSI)

July 6, 2020

FlashParking, a parking mobility technology company based in Austin, Texas, acquired the Parking Division of Control Systems Incorporated (CSI), a Connecticut-based parking systems provider. The purchase expands FlashParking's customer base in the U.S. Northeast (approximately 1,600 CSI customers) and transfers most of CSI's team to FlashParking while CSI retains a maintenance business for legacy equipment.

Buyers
FlashParking
Targets
Parking Division of Control Systems Incorporated (CSI)
Sellers
Control Systems Incorporated (CSI)
Industry
Transportation
Location
Connecticut, United States
Transaction Type
Divestiture

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