ParkHub Expands with ElimiWait Acquisition
Deal News | Feb 12, 2025 | LLR Partners Inc
ParkHub, a leading North American provider of parking software, has acquired ElimiWait to enhance its offerings in valet parking operations. ElimiWait, known for its scalable, SaaS-based valet solutions such as Valet Mate and Request Ahead, will complement and expand ParkHub's comprehensive suite of parking management tools. This acquisition is part of ParkHub's strategic growth initiatives, which recently included the acquisitions of Smarking and JustPark to expand capabilities in prepaid event parking reservations. The move is aimed at providing operators with tools to deliver enhanced customer service and optimize operations using data-driven insights.
Sectors
- Parking Solutions
- Software-as-a-Service (SaaS)
Geography
- North America – ParkHub is a leading provider of parking solutions in the North American market.
- United Kingdom – The mention of JustPark, a U.K.-based company, as part of ParkHub's growth strategy broadens the geographic scope.
Industry
- Parking Solutions – The acquisition directly impacts the parking solutions industry, with a focus on software and valet operations.
- Software-as-a-Service (SaaS) – ElimiWait and ParkHub both operate in the SaaS domain, providing scalable software solutions for parking and valet management.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| ParkHub | Acquirer | Company | ParkHub is a leading provider of parking software solutions in North America. |
| ElimiWait | Target | Company | ElimiWait provides SaaS-based valet solutions focusing on streamlining valet operations. |
| LLR Partners Inc. | PE Firm | Company | LLR Partners is a private equity firm associated with ParkHub. |
| Darren Weiss | Co-Founder | Person | Darren Weiss is a co-founder of ElimiWait. |
| Brett Weiss | Co-Founder | Person | Brett Weiss is a co-founder of ElimiWait. |
| Jeff Shanahan | CEO | Person | Jeff Shanahan is the CEO of ParkHub. |