Central Parking System

Name

Central Parking System

Legal name

SP Plus Corporation

Website

https://spplus.com

Company type

Private

Founded year

1968

Operating status

Acquired

Headcount range

501–1,000 employees

Ownership category

akta.pro rank

Product category

Parking Management and Mobility Services

NAICS

Parking Lots and Garages (81293), Parking Lots and Garages (812930), Charter Bus Industry (48551)

SIC

Services-Automotive Repair, Services & Parking (7500)

akta.pro primary industry

Parking Facility Operations (Garages, Lots, On-/Off-Street) (BPABAKAA)

akta.pro secondary industries

Off-Street Parking Facilities Operations (Garages, Lots, Park-and-Ride) (TLAJAIAB), Parking Access & Revenue Control Systems (PARCS) (Gates, Pay Stations, Ticketing) (TLAJAIAD), Digital Payments & Enforcement for Parking (Mobile Pay, LPR/ANPR, Citation Mgmt) (TLAJAIAE), Parking Management & Enforcement (Citations, Permits, Compliance) (BPABAKAB), Parking Asset Management & Facility Services (Cleaning, Security, Staffing, Maintenance) (TLAJAIAG), Parking Facilities Property Management (BPAJAGAN)

Keywords

• Parking management services
• Mobility solutions
• Valet parking
• Transportation management
• Luggage logistics

Headquarters

HQ city

Nashville

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D, Supply Chain

Revenue model

1. Parking Management Services: Managed parking operations for facilities including self-parking, valet, technology integration, revenue management, staffing, and training. Revenue generated through management fees and percentage of parking revenue.
2. Consulting Services: Parking and transportation consulting including parking assessments, financial assessments, functional design reviews, operational reviews, wayfinding plans, traffic studies, mobility management, and fleet management reviews.
3. Event Transportation Logistics: Transportation and parking management for major events and venues including charter bus operations, shuttle services, pedestrian flow management, and command/control/coordination planning.
4. Facility Maintenance Services: Facility maintenance including SmartClean, power sweeping, daily cleaning, painting, general repair, seasonal services, and environmental compliance services.
5. Guest Services and Luggage Management: Bags branded services including skycap, wheelchair services, baggage service office, delayed luggage delivery (15+ million deliveries), VIP delivery, and remote airline check-in.
6. Transportation Management: Shuttle and mobility services including fixed route, on-demand, micro transit, carpool solutions, curbside management, charter services, fleet procurement, and fleet maintenance.
7. Technology Platform Licensing: Technology platforms (Sphere, AeroParker, Parking.com, Roker, Bags) providing software-as-a-service capabilities for parking, reservations, and mobility management.

Go-to-market motion3 records

Distribution channels4 records

Marketing channels7 records

Core offering

Central Parking System, a brand under SP Plus Corporation, provides professional parking management and mobility services including self-parking, valet operations, technology integration, revenue management, staffing, and training across airports, hotels, hospitals, municipalities, commercial real estate, universities, and event venues. The company complements physical operations with proprietary technology platforms (Sphere, Bags, AeroParker, Parking.com, Roker) that enable remote management, dynamic pricing, license plate recognition, mobile payments, and consumer reservations. Following the May 2024 acquisition by Metropolis Technologies, Central Parking System operates as one of the retained parking management brands under the SP+ umbrella.

Product overview

SP+ (formerly Central Parking System) operates as a unified platform-plus-modules architecture for mobility services. The core technology portfolio includes Sphere (the overarching technology platform with iQ, Commerce, Remote, Custom, and Enforcement modules), complemented by consumer-facing platforms (Parking.com, AeroParker), luggage and guest services (Bags with HomeServ Delivery), and smart city mobility solutions (Roker). Industry-specific sub-brands include SP+ Gameday for events, USA Parking for hospitality, and multiple regional parking brands (Central Parking System, Standard Parking, SP+ Parking). The company serves aviation, commercial, hospitality, and institutional clients throughout North America and Europe.

Differentiator

Problem solved

Functional benefit

Brands

• Bags: Technology platform for luggage logistics, remote airline check-in, and in-terminal guest services at airports and cruise ports
• Parking.com
• AeroParker
• Roker
• Sphere
• Bags Onboard
• Bags Curbside Concierge

Products and services

• Central Parking System (Parking Management Services) Parking management brand providing parking operations, technology integration, revenue management, staffing, and training across North America and Europe for airports, hotels, hospitals, municipalities, commercial real estate, and institutional clients.
• Airport Parking Management Managed parking operations, valet, shuttle, and in-terminal guest services for airports with 65+ years of dedicated Airport Services division experience. Includes fleet management, security, and facility maintenance.
• Bags (Luggage Logistics and Guest Services)
• Parking and Transportation Consulting
• Event Transportation Logistics (SP+ Gameday)
• Facility Maintenance Services
• Transportation Management (Shuttle and Mobility)
• Roker Mobility Platform
• AeroParker Airport Parking Reservation Platform E-commerce platform for pre-booking airport parking and ancillary services at airports, cruise ports, and downtown parking operators. Features dynamic pricing, yield management, multilingual customer journeys, PCI DSS Level 1 compliance, and integrations with barrier systems and payment providers.
• USA Parking (Hospitality Parking Services)

Quantifiable outcome

• Reduces water consumption by up to 75% per service with state-of-the-art pressure washing equipment
• +3 more outcomes

Named customers20 records

Segments12 records

Ideal customer profiles7 records

Technology focussed No

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration9 records

Feature6 records

Partnerships

One partnership is on record.

• Metropolis TechnologiescoreStrategic or Co-development Partner · 16 May 2024Metropolis Technologies acquired SP Plus Corporation in a $1.8 billion take-private transaction. The acquisition solidifies Metropolis as the largest parking network and operator in North America with over 4,000 locations and 20,000+ employees. Metropolis plans to deploy its AI technology across the SP+ platform.

Scale indicators16 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Metropolis Technologies: Acquirer of SP+ and the parent entity under which Central Parking System now operates; directly competes in AI-driven parking operations and computer-vision-based facility automation. The combined entity is the largest North American parking operator, making Metropolis itself the closest direct peer.
• LAZ Parking: One of the largest privately held parking management companies in North America, providing managed parking, valet, shuttle, and transportation services to airports, hospitals, hotels, and commercial properties — directly comparable to Central Parking System's core managed services offering.
• Impark: Major North American parking operator (Canada-headquartered) providing parking management, facility operations, and technology across commercial, institutional, and airport clients — directly comparable in service mix and enterprise B2B model.
• T2 Systems: Provider of parking management software, PARCS hardware, and enforcement technology sold to operators and universities/municipalities. Comparable to SP+/Central's technology stack (PARCS, enforcement, BI) and serves overlapping enterprise verticals.
• SKIDATA: Global provider of parking access and revenue control systems (PARCS), ski resort access, and venue management solutions. Comparable to SP+'s PARCS hardware, Sphere Remote, and ski resort segment (where Central Parking operates).
• Ace Parking: Privately held US parking management company providing managed services, valet, shuttle, and technology across airports, hospitality, healthcare, and commercial real estate — closely comparable to Central Parking System's vertical mix and B2B operating model.

Broad incumbents

• ABM Industries: Large public facility services company with a parking segment alongside janitorial, HVAC, and other building services. Offers overlapping parking management capability within a much broader facilities portfolio, similar to Central Parking's facility maintenance adjacency.

Emerging players

• ParkMobile: Digital mobile parking payment, reservations, and enforcement platform used by municipalities and operators across the US. Comparable to Parking.com and Sphere Commerce within the Central Parking portfolio, but more focused on consumer-facing digital channels.
• SpotHero: Online parking reservation marketplace aggregating inventory from operators for consumer and event bookings. Comparable to AeroParker and Parking.com for digital discovery and pre-booking, but operates as a marketplace aggregator rather than a facility operator.
• FlashParking: Cloud-native parking management platform offering PARCS, validations, mobile pay, and enforcement for garages and surface lots. Comparable to Sphere Commerce/Enforcement modules and competes for the same mid-market operator and municipal accounts.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat7 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/sppluscorp
• Facebookfacebook.com/sppluscorp
• LinkedInlinkedin.com/company/sp_plus

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Central Parking System