Portland-based Unified Parking Partners acquired by Philadelphia company
Photo / William Hall
Unified Parking Partners is headquartered in Portland and operates many of the private lots there, including this one off Commercial Street.
Unified Parking Partners, a Portland company that manages many of the commercial parking lots in the city — and along the East Coast — has been acquired by Philadelphia-based Towne Park.
Terms of the deal were not disclosed. A news release this week said Unified will operate under its existing brand and that the company's founder and CEO, Daniel McNutt, will continue to lead the business.
Launched in 2012, Unified operates commercial parking facilities at over 280 locations across nine states, including New England and Florida. There are more than 500 UPP employees.
Andrew Kerin, CEO of Towne Park, said, “We are thrilled to partner with Dan and the talented team at UPP as we continue to grow our commercial parking portfolio and further expand our revenue optimization capabilities and reach.
“Dan has successfully built an innovative parking management and optimization model that is not only scalable but also provides significant opportunity in these high growth markets with evolving demographics, presenting us with tremendous growth opportunities."
Towne Park is a parking and hospitality management company with 12,000 employees, serving hotels, health care institutions, residential properties and commercial parking facilities nationwide. The company will provide UPP with resources to help scale its business model and revenue management solutions, according to the release.
“Joining forces with Towne Park represents a milestone moment for UPP and I’m excited to work with Andrew and the team,” said McNutt. “We’ve long admired Towne Park and its unparalleled reputation in the industry. The company’s size, talent, scale and infrastructure will bring a wealth of resources to further support our growth."
In Portland, Unified's enforcement of parking restrictions and time limits has occasionally drawn criticism. A UPP policy of booting cars with expired parking receipts was relaxed in 2016.
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