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Vinci Park becomes fourth-biggest parking operator in the U.S.

Paris-based Vinci Park, a unit of Vinci SA, via its American subsidiary LAZ Parking, has just acquired 89 parking contracts from the company InterPark.

This transaction makes Vinci Park one of the four biggest parking operators in the United States, generating annual revenue for managed activities of approximately 500 million US dollars.

The InterPark contracts cover a total of approximately 30,500 parking spaces, operated within the framework of long-term leases or in the form of provision-of-services contracts. They concern sites located in several large cities in the east of the US, including Philadelphia, Washington, D.C. and Atlanta.



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