KKR acquires operator of near-airport parking The Parking Spot, no terms

KKR has acquired The Parking Spot or TPS the nation’s leading owner and operator of near-airport parking properties, from an affiliate of Green Courte Partners a private equity real estate investment firm. Financial terms of the transaction were not disclosed. “The Parking Spot has demonstrated a compelling track record of growth and delivery of a high-quality offering to travelers that aligns well with our investment philosophy,” said Dash Lane, Partner at KKR. “With its strong and established platform, well-known industry brand, and superior customer service, TPS is recognized as an industry leader. Above all, we are strong believers in the TPS management team and their vision, along with the employees who have contributed meaningfully to the Company’s success. We are eager to work with them to further build on their impressive performance and capitalize on the numerous growth opportunities that lie ahead.”