Central Parking Corporation
Public Company | |
Industry | Parking |
Founder | Monroe J. Carell, Jr. |
Headquarters | Nashville, Tennessee, U.S. |
Area served | Worldwide |
Key people | James Wilhelm (CEO) |
Number of employees | 15000+ |
Parent | Standard Parking |
Website | http://www.spplus.com |
Central Parking Corporation, based in Nashville, Tennessee was at one time the world's largest parking services provider, operating approximately 3,000 parking facilities containing more than 1,000,000 parking spaces.[1]
In 2007, the company announced that it would be acquired by private equity firms Kohlberg & Company, Lubert-Adler, and Chrysalis Capital Partners.[2] After this acquisition, the company continued to operate under the Central Parking name, although it was delisted from the New York Stock Exchange as it was taken private. In the years following the acquisition, the new leadership sold or ceased all operations outside of the US.
In 2012, the company was acquired by Standard Parking.[3] In December 2013 Standard Parking announced a new brand identity, SP+, reflecting the company's expansion into additional sectors including ground transportation, security, facility maintenance and event logistics services.[4]