Parking services provider ParkHub announced that it had secured an investment of approximately $100 million from LLR Partners, to expand its business and to be able to acquire complimentary companies, according to the company.
Known mainly for its digital, streamlined parking systems that were designed in part to give stadiums and other large venues easier and more secure ways to facilitate parking payments, the company over the past few years has expanded its portfolio, offering ticketing and reservation systems to cities and national parks.
According to an email from founder and CEO George Baker, the funds will be used to provide some shareholder equity as well as business expansion and acquisition plans. Stay tuned for a longer discussion with Baker in the near future!
