Company History
Standard Parking traces its business roots back to 1929 in Chicago, where it was operated as a family owned and controlled business. The business operated under the corporate name of Standard Parking Corporation from 1981 until 1995, at which time it was reconstituted as a limited partnership named Standard Parking, L.P.
In March 1998, Standard Parking merged with APCOA, Inc. (Link) and the resulting company was called APCOA/Standard Parking, Inc.
In between 1998 and 2000, APCOA/Standard Parking, Inc. made a number of acquisitions including:
- Universal Park Holdings, Inc., operating under the names U-Park and Select Valet Parking
- Various contracts of System Parking Inc.
- Assets of Pacific Rim Parking
- Virginia parking Services, which operated under the name VAPARK
- Century Parking, Inc. and Sentry Parking Corporation
- Executive Parking Industries LLC
- Assets of Huger Parking Company, LLC, which operated under the name Dixie Parking
In April 2003, APCOA/Standard Parking, Inc. changed its corporate name to Standard Parking Corporation.
In June 2004, Standard Parking completed its initial public offering, listing on the Nasdaq under the symbol STAN. A total of $54 million in gross proceeds was raised from this offering.
Standard Parking acquired the assets of Gameday Management Group (Link) in July 2009. Gameday Management plans the operation of transportation and parking systems, primarily for major stadium and sporting events. Gameday has provided its transportation and traffic management services for high-profile events including: Super Bowls XXX-XLIV, the Daytona 500, the 2009 Presidential Inauguration and the Winter Olympic Games in Vancouver. A service within Gameday, called Click and Park, offers traffic demand management and pre-paid parking services for locations across the nation.
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