FlashParking, the leader in 21st-century parking mobility technology, announced its acquisition of Automated Parking Technologies LLC (APT). The acquisition furthers FlashParking’s pioneering vision for bringing break-through mobility and parking solutions to parking facilities nationwide – transforming underutilized parking assets into networked mobility hubs.
APT, a Chicago-based company that has served the municipality and multiple marquee locations in Chicago, Racine and Evanston for twenty years, is joining the growing FlashParking family to ensure its well-established customer-base has access to reliable, future-ready technology that will help drive revenue, operations and the overall customer experience.
“At APT, we have always been a customer-first organization, and joining the FlashParking family will only help us further that commitment through the integration of the most advanced parking technology on the market today,” said Eric Risch, founder and President of APT. “We pride ourselves on delivering break-through solutions to our customers, and it’s never more critical than now. This is the next step, and one that will ensure our customers are a part of the parking evolution, with access to advanced technology and mobility partnerships through Flash’s mobility platform that their consumers are demanding.”
This announcement comes on the heels of FlashParking‘s merger with Chicago-based Arrive Mobility which provided a critical connection between the parking industry and the future of mobility. And it follows recent regionally-based acquisitions including Control Systems, Inc and Mountain Parking Equipment. Through these regional-focused acquisitions, FlashParking deepens its connection to local markets and their unique needs and provides customized solutions to meet these needs.
“Through this exciting acquisition, current APT customers will continue to receive the service and support they are accustomed to, but will now have access to a true transformative end-to-end mobility and parking solution,” said FlashParking’s Co-CEO, Dan Sharplin. “This business model has proven successful not only for distributers and local market organizations, but for their customers to break free of a legacy approach and find new means to drive growth and an unparalleled experience.”
With triple-digit year-over-year growth for several years running, FlashParking is driving the transformation of the parking industry with the first true end-to-end digital mobility platform and operating system, FlashOS, that serves operators, municipalities, partners and consumers. FlashOS allows new and existing customers the opportunity to digitize operations, consumer experience, and revenue generation, gain real-time visibility, and connect to the future of the smart city.
The terms of the deal were not disclosed.
FlashParking is the parking technology leader powering the transformation from isolated parking assets to connected mobility hubs with the first Mobility Hub Operating System. With a suite of enhanced 21st-century parking technology, robust business intelligence engine, and transportation partnerships, FlashParking optimizes underutilized parking operations into vital mobility ecosystems within a smart city. Visit www.flashparking.com to learn more.