Reimagined Parking Bolsters Industry Leadership Through Private Investment “`

756d8c4dce53e671be0ad2337998e7cc Reimagined Parking Completes Private Capital Transaction to Strengthen its Position as a Leader in the Parking Solutions Industry

The firm partnered with established institutional investors to restructure its finances, boosting investment in innovation and its industry leadership.

The company also announced a new Chief Executive Officer.

Operations proceeded without disruption following the transaction’s close.

NEW YORK, Jan. 31, 2025 – Reimagined Parking (the “Company”), a leading global tech-driven parking solutions provider, today announced the successful completion of a private capital transaction. This transaction strengthens the Company’s financial structure and supports its industry leadership and long-term goals.

The transaction significantly reduced the Company’s Senior Secured Debt. New capital came from existing financial partners, and the Company is now owned by a consortium of institutional investment firms experienced in fostering financial and operational growth across various sectors. This demonstrates the confidence of the Company’s financial partners in its strategic vision and operational excellence.

Simultaneously, the Company appointed Rick West, a seasoned executive with over three decades of parking industry experience, as its Chief Executive Officer. Rick West has extensive experience operating parking garages (Millennium Parking Concession, Central Parking Corporation, and Parking Company of America Airports) and advising private equity and other private capital investors on parking business acquisitions and investments.

“This is a pivotal moment for Reimagined Parking,” said Rick West, “This transaction strengthens our financial base and enables us to maintain our industry leadership in parking management, valet, shuttle ground transportation, and parking technology products and services. We welcome our investors; their expertise and support will be crucial as we innovate and expand our platform across North America.”

The Company remains committed to providing exceptional service and innovative solutions to its clients and customers. Operations have continued uninterrupted following the transaction.

About Reimagined Parking

Reimagined Parking’s portfolio includes well-known brands like Impark, Lanier, Republic Parking, AmeriPark, and Park One. Employing over 6,600 people managing over 2,500 high-density parking facilities in over 275 North American cities, the Company processes 34 million digital transactions annually. It serves prominent commercial real estate, retail, hospitality, airport, event, healthcare, municipal, and educational locations. For more information, please visit .

SOURCE Reimagined Parking Inc

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