Simpson Thacher represented global investment firm KKR in its acquisition of The Parking Spot (“TPS” or the “Company”), the nation’s leading owner and operator of near-airport parking properties, from an affiliate of Green Courte Partners, LLC, a private equity real estate investment firm. KKR made this investment through its Global Infrastructure Strategy.
Founded in 1998, TPS is the preeminent provider of near-airport parking operations in the U.S., with 47 strategically located parking properties across the country servicing customers traveling from all major airports. Its facilities are designed to deliver convenient, affordable, and hassle-free transitions to and from airport terminals, and feature a range of parking options as well as reliable and recognizable shuttle services. TPS’s accomplished management team will continue to lead the Company.
The Simpson Thacher team included Breen Haire, Shamus Crosby, Ana Sanchez, Mark Kunzman, Andrew Kingsbury, Gavin Jaco, Matt Warren and Andrew Waldeck (M&A); Brian Steinhardt, Miju Damodar, Brandon Barton and Adam Danciu (Finance), Nancy Mehlman and Matthew Lester (Tax); Scott Kobak, Krista McManus, Dennis Loiacono and Austin Hart (Real Estate); Marisa Geiger, Ron Ben-Yehuda, Bobbie Burrows and Christian Bond (Intellectual Property); David Rubinsky and Warsame Elmi (Executive Compensation and Employee Benefits); and Peter Guryan and Daniel Owsley (Antitrust).