LAZ Parking Acquires Serco Parking Services
May 5, 2021
LAZ Parking has acquired Serco Parking Services, the parking enforcement and parking meter management business of Serco Inc., in a deal that closed May 1, 2021. The transaction adds roughly 230 employees, increases LAZ's managed metered spaces by 40,000 (doubling meter revenue to nearly $300 million annually), and expands LAZ's capabilities and West Coast presence.
- Buyers
- LAZ Parking
- Targets
- Serco Parking Services
- Sellers
- Serco Inc.
- Industry
- Transportation
- Location
- California, United States
- Transaction Type
- Buyout
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