Gates Group Capital Partners and international investment and advisory firm Babcock & Brown Limited in late 2006 formed Babcock & Brown Gates Parking Investments, LLC (BBGPI), a joint venture to acquire parking management businesses throughout North America. BBGPI sources equity and debt capital from two private investment partnerships, Parking Management Fund II, LP and Babcock & Brown Parking Management Fund, LP, formed and managed by Gates Group Capital Partners.
Through BBGPI, Gates Group Capital Partners is leveraging its significant capital capacity and industry expertise to create the leading new brand in the parking industry. Through its portfolio investment, Imperial Parking Corporation (Impark), the third-largest parking service company in North America BBGPI possesses a highly scalable business platform upon which it can continue to acquire and integrate complementary companies with strong management teams and operations in solid, high-growth markets.
For more information regarding Impark, please
visit their website at www.impark.com.
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