has been acquired by
Lanier Parking Solutions is a leading national parking and transportation management company.
About
Lanier is a leading national parking and transportation management company with market leadership in large, high-end, high-volume commercial, medical, and mixed-use facilities in major metropolitan locations across the U.S. Lanier offers a broad array of products and services, including valet services, parking-related event management, shuttle bus operations, environmentally friendly or “green” services, non-standard billing services, parking consulting, and on- and off-street parking solutions
Situation
The Company engaged Croft & Bender to advise the Company through a targeted sale process that focused on strategic buyers and financial buyers with relevant operating experience. Croft & Bender valued the Company, identified potential acquirers, drafted the offering memorandum and related materials, marketed the Company, selected a partner, and negotiated the transaction.
Result
Croft & Bender successfully negotiated the sale of the Company to Antarctica Capital and Highbridge Capital Management.