Interprise Partners, the predecessor firm to FVLCRUM (“Interprise”), is pleased to announce the completed minority recapitalization of Parking Management Company, LLC (“PMC”or the “Company”). PMC is one of the fastest growing parking management services providers in the country with operations in over 90 cities across the U.S.
Founded in 1992 and headquartered in Nashville, Tennessee, PMC provides parking services to hotels, commercial lots and garages, events, restaurants, and hospitals across the country. The Company has experienced tremendous growth since its 2014 acquisition by Interprise and Tee McCarley, CEO of PMC. This recapitalization sets PMC and its leadership team up for future success while maintaining management’s governance priorities.
“PMC continues to deliver on its mission of providing best-in-class service and driving innovation. This recapitalization positions our team for continued success as we expand into new markets and add capabilities,”says McCarley. Matt Cahill, President of PMC, adds “We’re thrilled to expand our partnership with FVLCRUM, who shares our passion and priority for our People, our Product and our Partners – together we’re building an incredible company.”
The partnership group remains focused on generating strong returns for investors, while creating great impact. Harrison Perry, Partner of FVLCRUM, led the minority recapitalization, sharing, “We are proud of the strong culture at PMC and the Company’s commitment to making a positive impact in communities across the nation, including having created over 6,000 new jobs. We are looking forward to the continued growth and success that our partnership will achieve.”
Working with Perry on the transaction was Andre Castillo, Vice President. Zarren Law Group served as legal counsel and Brentwood Capital Advisors acted as the exclusive financial advisor to PMC in the transaction.