Smart Parking Acquires American Parking and Accelerates US Market Expansion

Smart Parking has acquired 100% of the issued capital in American Parking

Acquisition overview:

• Compelling Strategic Fit: Expands Smart Parking’s US scale into adjacent states from existing Texas operations.
• Substantial Portfolio Growth: Adds 54 premium parking locations across Oklahoma, Texas, and Arkansas into the managed portfolio.
• Technology Synergy: Opens immediate opportunities to upgrade legacy and manual operations with Smart Parking’s proprietary SmartCloud enterprise platform.
• Transaction Structure: Purchase price of USD $12m funded from existing cash reserves, debt facilities, and SPZ shares.
• Strong Financial Profile: Target business generated USD $8m in revenue and USD $1.4m in EBITDA for 2025; transaction is expected to be accretive to SPZ EPS pre-synergies.

Smart Parking Limited (ASX:SPZ), a global leader in parking technology and services, today announced the successful acquisition of Oklahoma-based boutique operator American Parking.

Founded in 1969, American Parking has established a good reputation over more than five decades as a high-touch parking services provider across the South-Central United States. The company currently manages 54 locations across Oklahoma, Texas, and Arkansas, operating a comprehensive service suite that includes parking lot management, enforcement, event parking, and valet operations. The business serves a highly diversified set of clients spanning commercial offices, hospitality, retail, and major municipal venues.

The acquisition represents an ideal geographical expansion for Smart Parking, building critical regional scale directly adjacent to its existing operations in Texas. It provides an expansive footprint of 54 sites to deploy Smart Parking's world-class, proprietary SmartCloud technology and Automatic Number Plate Recognition (ANPR/LPR) compliance systems, converting manual and legacy operations into high-efficiency, modernised digital hubs.

Paul Gillespie, Chief Executive Officer, Smart Parking Limited:

"We are delighted to welcome the American Parking team and customers to the Smart Parking Group. American Parking has built a well-run and highly respected parking management business with growth delivered over many years. This has resulted in an attractive and diverse portfolio of sites under management across great US States like Oklahoma, Texas and Arkansas. We are looking forward to working with the AP team and clients to continue to scale, improve profitability and deliver an enhanced customer experience through the installation of SPZ proprietary technology.

SPZ is still very early in our growth trajectory, and we continue to evaluate opportunities in the large and attractive US parking market, and I am looking forward to re-locating to the US to drive business performance in H1 FY27."

About Smart Parking Limited 

Smart Parking Limited (ASX:SPZ) | A Global Parking Business

Smart Parking Limited is a pioneering technology innovator and services company in the parking industry. With offices in Australia, New Zealand, Germany, Denmark and the UK our aim is to bring our intelligent integrated smart parking services to the world and reinvent the parking experience.

The Company operates and manages thousands of car park spaces across the globe using our proprietary Smart Cloud technology linked with Automatic Number Plate Recognition/License Plate Recognition (ANPR/LPR) systems. This can be used as a single solution or with the option to be combined with payment solutions.

Smart Parking Limited has been an Australian Securities Exchange (ASX:SP) publicly listed company since early 2011.