M&A Advisory

Horizon Parking

Adviser to UK’s fastest-growing car parking management company, Horizon Parking, on its sale to private equity firm Trimountain Partners.

The deal

We’re pleased to have successfully advised the shareholders of the UK’s fastest-growing car parking management company, Horizon Parking, on the sale of a significant stake in the business to private equity firm Trimountain Partners.

Based in Chelmsford and with a portfolio spread across the UK, Horizon Parking manages over 3,000 car parks in both the public and private sectors, overseeing 600,000 parking spaces and dealing with approximately 1,000,000 motorists daily. The business has an annual turnover of almost £40 million, driven by a wide service offering including overseeing, patrolling, securing and enforcing client’s car parks, as well as a range of other parking-related services including marshalling, EV charging, facilities management and car park design, repair and construction.

FRP Corporate Finance was appointed as lead sell-side adviser due to our demonstrable experience supporting transactions in the parking management sector, as well as our extensive track record in dealing with private equity buyers.

Led by Partner Mark Farlow and Associate Director Ed Shurville-Darlington and supported by Manager Charlie Hallaran, from our London West-end office, our team managed all stages of the deal securing a great outcome for the Shareholders.

The deal will accelerate the Company’s ambitious growth plans both organic and acquisitive.

Mark Farlow, Partner at FRP Corporate Finance, said: “The team at Horizon Parking has over two decades of experience, and is well-known for its high touch, customer-centric service and expertise in managing all aspects of parking and estate management.

“The sale represents another landmark deal for the UK parking management sector, reflecting the attractiveness of the market which continues to see significant levels of consolidation and investor appetite.

Bernie Dickson, Managing Director at Horizon Parking, said: “Since formation in 2012, Horizon Parking continues to grow year-on-year – this success comes from understanding the needs of customers and being innovative in our solutions. The collaborative relationships our teams create with customers are at the heart of this exciting growth.

“FRP Corporate Finance played an integral role in locating an investor which both shares these priorities and is able to deliver the deal structure we required. We feel that our new partnership with Trimountain will allow us to continue to reflect these core values while continuing to grow both our customer base and the range of services we offer.”

Deal summary

Date:

January 2024

Sector:

Business services

Deal type:

Selling a business

Deal size:

Undisclosed

The sale represents another landmark deal for the UK parking management sector, reflecting the attractiveness of the market which continues to see significant levels of consolidation and investor appetite. Mark Farlow Corporate Finance

Related team

Mark Farlow

Mark Farlow

  • Partner
  • Corporate Finance
  • London West End

Ed Shurville-Darlington

Ed Shurville-Darlington

  • Director
  • Corporate Finance
  • London West End

Charlie Hallaran

Charlie Hallaran

  • Senior Manager
  • Corporate Finance
  • London West End