GB & Partners Acquires Majority Stake in Parking Revenue Recovery Services (PRRS)
August 2, 2021
GB & Partners Investment Management, together with portfolio company Asura Technologies, acquired a majority stake in Parking Revenue Recovery Services (PRRS). The investment pairs PRRS's 20 years of parking enforcement and collections expertise with Asura's AI-based video analytics and license-plate-recognition technology to accelerate ARC/ARC360 installations and expand PRRS's North American footprint.
- Buyers
- GB & Partners Investment Management, Asura Technologies Ltd.
- Targets
- Parking Revenue Recovery Services, Inc. (PRRS)
- Industry
- Transportation
- Location
- Colorado, United States
- Transaction Type
- Buyout
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