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SP+ Corporation, headquartered in Chicago, United States, is a provider of parking management services and solutions. The company was founded in 1929 as Standard Parking Corporation and has since grown to become one of the largest parking operators in North America. SP+ Corporation offers a wide range of products and services related to parking management.
Their offerings include parking facility management, valet services, shuttle services, event parking management, parking consulting, and technology solutions. They cater to various sectors, including airports, hospitals, hotels, universities, municipalities, and commercial properties. Operating on a global scale, SP+ Corporation has a significant presence in the United States and Canada.
In addition to these two countries, they also have operations in Bermuda, Puerto Rico, and the United Kingdom. The company handles parking operations for over 4,200 facilities, managing more than 2. 5 million parking spaces worldwide.
SP+ Corporation has several noteworthy subsidiaries and partnerships. They own Garage Management Company, LLC, which specializes in parking management for luxury hotels and residential properties. They also have a joint venture with Ampco System Parking, operating as Central Parking System, one of the largest parking companies in the United States.
The company has a strong market position and is a leader in the parking management industry. With their extensive portfolio of clients and wide geographic presence, SP+ Corporation generates significant global sales. They maintain a competitive standing among their peers through their focus on technological innovation, customer service, and tailored parking solutions.
In terms of major events and achievements, in 2013, SP+ Corporation acquired Central Parking Corporation, significantly expanding their presence in the market. This acquisition allowed the company to strengthen its position as a leading provider of parking management services in the United States. As of the latest update, SP+ Corporation continues to be a prominent player in the parking management industry, providing comprehensive parking solutions to clients globally.
Their commitment to innovation and customer satisfaction has helped them maintain their strong market position
Company Type
Privately Held
Company Size
1001-5000
Year Founded
1990
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