February 24, 2014
Croft & Bender Serves as Financial Advisor to Lanier Parking Solutions on its Sale to Antarctica Capital and Highbridge Capital Management
Croft & Bender, an Atlanta-based investment banking and private equity firm, is pleased to announce the successful sale of its client, Lanier Parking Solutions, to Antarctica Capital and Highbridge Capital Management.
Headquartered in Atlanta, Georgia, 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. The acquisition by Antarctica and Highbridge will enable Lanier to accelerate its acquisition growth plans and expand its services in a broader geographic area.
Croft & Bender served as the exclusive financial advisor to Lanier in the sale process. “Croft & Bender’s process and expertise not only generated a superior valuation but also enabled us to navigate challenges that we faced along the way. Croft & Bender’s senior bankers were deeply involved in every meaningful aspect of the transaction, and their extensive experience benefited every step of the process,” said Lanier Founder, Chairman, and CEO Michael Robison.
“We appreciated the opportunity to advise Lanier and are glad everyone was pleased with the outcome. The Lanier team has built a leading platform in the parking and transportation management space, which will be a strong asset for Antarctica and Highbridge going forward,” commented Bo Briggs, Managing Director at Croft & Bender.