LAZ Parking, the largest and fastest-growing privately-owned parking operator in the United States, has announced its acquisition of FleetLogix, a provider of fleet management and staffing services serving the transportation, logistics, and fleet services industries. The partnership aims to accelerate LAZ’s growth and better support its customer base throughout the U.S. and Canada.
Complementary Services and Operational Best Practices
The partnership is a great fit for LAZ because FleetLogix provides services complementary to LAZ’s core business of providing customers with best-in-class talent and technology. The two companies will be able to share operational best practices and technology to enhance the customer experience. FleetLogix customers will benefit from access to LAZ resources and HR capabilities, which will enable the company to deploy personnel more efficiently.
Key Benefits for FleetLogix Customers
- Access to LAZ resources and HR capabilities to enhance operational efficiency
- Sharing of operational best practices and technology for an enhanced customer experience
- Ability to leverage LAZ’s international network of parking facilities
FleetLogix Services and Portfolio
- Managed labor services for rental car agencies at 37 airports nationwide
- Onsite management, HR, payroll, and recruiting functions
- Shuttle bus driving, maintenance support, and valet/check-in services
- Lost and found management, and more
About FleetLogix
FleetLogix is a best-in-class managed labor and technology solutions provider in the transportation and mobility industry. Based in San Diego, California, the company operates in 50 locations at 37 airports in over 20 states, with 2,400 employees. Its FleetAnalytix technology is in use at over 75 airports in the U.S. and Canada, tracking over 1.4 million vehicle movements per month.
“This deal provides FleetLogix with the resources it needs to grow,” said Jeff Karp, President and Founder of LAZ Parking. “Bringing FleetLogix into the LAZ family makes perfect sense culturally and makes the most of each company’s strengths.”
Quote from FleetLogix CEO
Adam Kimball, CEO of FleetLogix, expressed his excitement about the partnership: “We can’t think of a better partner with which to chart our future than LAZ.”
| Company | Headquarters | Key Services | Employees |
|---|---|---|---|
| LAZ Parking | Hartford, CT | Parking management, transportation services, and digital parking technology | Approx. 1.7 million parking spaces, 4,000 locations |
| FleetLogix | San Diego, CA | Managed labor services, onsite management, and FleetAnalytix technology | 2,400 employees, 50 locations at 37 airports |
About LAZ Parking
LAZ Parking is a pioneer in digital parking technology and has been providing best-in-class parking management and transportation services since 1981. The company operates over 1.7 million parking spaces in over 4,000 locations in 42 states and 530 cities in the U.S. Quote from LAZ Parking CEO
Alan Lazowski, Chairman and CEO of LAZ Parking, stated: “We are thrilled to be partnering with FleetLogix and to be merging the world-class capabilities of our two companies.”
About Argo Infrastructure Partners
Argo Infrastructure Partners LP, founded by Jason Zibarras, is an independent fund manager with a long-term approach to infrastructure investing. The company manages over $6 billion in assets on behalf of its investor partners and invests in high-quality infrastructure businesses and assets that provide essential services to their communities over their long operational lives. Key Takeaways
- The partnership aims to accelerate LAZ’s growth and better support its customer base throughout the U.S.
