Parking Management Company Completes Minority Recapitalization Led by Interprise Partners
Brentwood Capital Advisors Served as Exclusive Financial Advisor to Parking Management Company
Brentwood Capital Advisors LLC (“BCA”) is pleased to announce that it served as the exclusive financial advisor to Parking Management Company (“PMC” or the “Company”) in the recently completed minority recapitalization led by Interprise Partners. PMC is one of the fastest growing parking management services providers in the country with operations in over 90 cities across the U.S. This recapitalization positions the Company and leadership team for future success while maintaining management’s governance priorities.
Founded in 1992, and recapitalized in 2014, PMC provides parking services to hotels, commercial lots and garages, events, restaurants, and hospitals across the country. PMC has leveraged industry-leading customer service and relationships built over decades to become one of the country’s leading parking services operators.
“PMC continues to deliver on its mission of providing best-in-class service and driving innovation. This recapitalization positions our team for continued success as we expand into new markets and add capabilities,” said PMC CEO, Tee McCarley. Matt Cahill, President of PMC, added “We are thrilled to be expanding our partnership with Interprise, who shares our vision of building the best parking company in the country. The BCA team was extraordinary to work with, and their experience and expertise were instrumental in securing this important investment.”
“We are proud to have worked with PMC, a very successful, high growth, management-controlled business based here in Nashville” said Michael Ory, Managing Director at BCA. Patrick Price, Director, at BCA added, “We appreciate our great relationship with the PMC team, and we are excited to see their continued rapid growth and success.”
About Brentwood Capital Advisors
Headquartered in Franklin, Tennessee, Brentwood Capital Advisors is one of the nation’s leading independent investment banks, specializing in providing financial advice on mergers, acquisitions, corporate divestitures, and capital raising to growth-oriented, middle-market healthcare, technology, and tech-enabled services companies. For more information, visit http://www.brentwoodcap.com.