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Smart Parking Expands into US with $36M Peak Parking Buyout
9:23am on Monday 17th of February, 2025 AEDT
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Technology
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Smart Parking Expands into US with $36M Peak Parking Buyout
9:23am on Monday 17th of February, 2025 AEDT
Key Points
Acquisition of Peak Parking LP for up to USD 36 million
Funding through A$45 million fully underwritten equity raising and expanded US$10 million debt facility
Expected >25% EPS accretion in FY25 on a pro forma basis
Peak Parking operates 134 locations across six US states with strong revenue growth
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