ABM acquires Five Star Parking, Network Parking, and System Parking from L&R Group of Companies
Clients ABM Industries Incorporated
Jones Day advised ABM Industries Incorporated in the acquisition of Five Star Parking, Network Parking Company Ltd., and System Parking, Inc. from L&R Group of Companies.
The acquisition extends Ampco's service in major urban areas, including Chicago, Philadelphia, Boston and San Diego, adding to its presence in cities such as Los Angeles, Cleveland and Cincinnati. The transaction also expands Ampco's presence at airports. The combined business will manage parking operations at more than 2,000 offices, airport, hospital, retail, entertainment and multi-use locations in 232 cities and 40 states throughout the U.S.