Post by Logan on Apr 9, 2016 2:45:52 GMT -6
Sale of Republic creates one of the largest parking lot companies in N. America
Fifty years after the late James C. Berry started a business managing a couple of airport parking lots, his heirs have sold what has grown into one of the nation's biggest privately owned parking management companies to an even bigger business in the industry.
Imperial Parking Corp., based in Vancouver, B.C., and operating under the Impark brand, bought Berry's Republic Parking System on Friday to create one of North America's biggest parking management companies.
As a division of Impark, Republic Parking will maintain its headquarters in Chattanooga and its name on more than 770 properties the company operates for cites and airports across the country.
Republic Parking System President Scott Titmus, who helped negotiate the sale, said the employees and management team will stay in place as well.
Read more: www.timesfreepress.com/news/business/aroundregion/story/2016/apr/08/canadian-parking-giant-buys-republic-parking-systems/359332/
Fifty years after the late James C. Berry started a business managing a couple of airport parking lots, his heirs have sold what has grown into one of the nation's biggest privately owned parking management companies to an even bigger business in the industry.
Imperial Parking Corp., based in Vancouver, B.C., and operating under the Impark brand, bought Berry's Republic Parking System on Friday to create one of North America's biggest parking management companies.
As a division of Impark, Republic Parking will maintain its headquarters in Chattanooga and its name on more than 770 properties the company operates for cites and airports across the country.
Republic Parking System President Scott Titmus, who helped negotiate the sale, said the employees and management team will stay in place as well.
Read more: www.timesfreepress.com/news/business/aroundregion/story/2016/apr/08/canadian-parking-giant-buys-republic-parking-systems/359332/