This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Impark Acquires City Center Parking Of Portland, Oregon

VANCOUVER, Jan. 3, 2013 /PRNewswire/ - Imperial Parking Corporation ("Impark"), one of North America's leading parking operators, today announced it has completed the acquisition of City Center Parking, a parking management company based in Portland, Oregon.  City Center Parking operates 198 parking facilities in Portland and Salem, Oregon, and Vancouver, Washington.  The terms of the transaction were not disclosed.

City Center Parking's managing partners, Greg & Mark Goodman, will continue to be involved in the business on an ongoing basis. Commenting on the transaction, Greg Goodman stated, "The Company was started by our grandparents and grew substantially through the efforts of my father, Doug Goodman.  In selling our parking business we were looking for a buyer who would continue the commitment to playing an active role in the Portland community.  We have every confidence that Impark is an extremely capable custodian for the company going forward, so much so that we agreed to enter into long-term operating contracts with Impark to manage all 28 of our family's properties used for parking."   Mark Goodman added, "Due in large part to the hard work of our 460 dedicated employees, City Center Parking has built long standing relationships with its clients and customers, and we know that Impark will continue to honor those relationships, as well as offer both the clients and parking customers a new level of expertise and technology".

The acquisition of City Center Parking expands Impark's presence in the Western United States, and solidifies its position as one of the largest parking management companies in North AmericaAllan Copping, Impark's Chief Executive Officer, said of the transaction, "We are delighted to have completed the acquisition of such a well-established company and look forward to continuing to deliver on its long standing service reputation".

Impark plans to continue to operate the business with by the same day-to-day management team.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,921.10 +116.30 0.65%
S&P 500 2,073.33 +2.68 0.13%
NASDAQ 4,775.8820 +10.5020 0.22%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs