, which will continue to operate under its current name, is now a wholly-owned subsidiary of Imperial Parking Management, LLC.
On August 11th, 2008, Impark
assumed responsibility for operations of over 5,000 spaces in the City's Six (6) parking garages and over twenty (20) surface lots, deploying over 150 employees in the process.
Brookfield Properties selected Impark
in part because of their tenant focused customer service initiatives, which are a central part of both Brookfield's and Impark
's operating philosophies.
55 million, 75% of the savings will be used to pay Gotham Partners' investment banker for services rendered to Gotham Partners in connection with its ownership stake in Impark
Speaking of the award, Gary Grabko of the City of Saint Paul commented "We selected Impark
to manage our Xcel Energy Center parking facilities because of the experience and expertise of the personnel they assembled, especially in regard to special event management.
currently operates more than 1,680 parking locations and over 325,000 parking spaces in Canada and the United States.
Babcock & Brown Vice President Anthony Mosse said, "Babcock & Brown has been analyzing the parking industry for some time and believes that its joint venture with Gates and Impark
as an operating platform for future acquisitions represents an exciting step for the company.
becomes a wholly owned subsidiary of Parking Holdings, Inc.
Certain directors, executive officers and shareholders of Impark
, who collectively have voting control over approximately 35% of the outstanding shares of Impark
, have entered into voting agreements with the Buyer, pursuant to which each such person has agreed to vote the shares of Impark
common stock beneficially owned by such person in favor of adoption of the merger agreement with the Buyer and against any alternative transaction.
The acquisition will establish Impark
as the flagship of Parking Management Fund, and Gates and Impark
will continue to seek attractive investment opportunities within the parking industry.
As of September 30, 2003, Impark
owned, leased or managed more than 1,690 parking locations and 340,000 stalls in Canada and the United States.
currently operates more than 1,690 parking locations and over 340,000 parking spaces in Canada and the United States.