What Parking Systems does

Parking Systems, founded in 1954 and headquartered in Valley Stream, New York, is a privately held full-service parking management company operating 300+ locations across the U.S. East Coast and accommodating more than 10 million vehicles annually. The company serves diversified B2B clients spanning healthcare systems (Northwell Health, Mount Sinai South Nassau, Stony Brook University Hospital, Catholic Health System of Long Island), hotels and hospitality (Marriott New York JFK, Jake's 58 Hotel & Casino), transit authorities (MTA/Long Island Railroad with 3,500+ spaces, SEPTA), residential and mixed-use properties (condominiums, towers in Brooklyn and Queens), retail centers (Mall at Bay Plaza, City Center Mall White Plains), sports and entertainment venues (Nassau Veterans Memorial Coliseum, Maimonides Park, ICC T20 World Cup), and municipal/government facilities (Queens Borough Hall).

The company's core product offering is integrated parking management delivered through several business lines: full-service parking management contracts, premium valet services (with hospitality-trained staff), shuttle and transportation services (with GPS-tracked fleet), facility maintenance and janitorial services, hospitality/guest services, and parking consulting. Technology is embedded across operations including License Plate Recognition (LPR) for gateless entry/exit, handheld valet systems with real-time vehicle tracking and touchless transactions, scan-to-pay platforms via QR code/SMS, text-ahead vehicle retrieval (via ElimiWait), GPS and face recognition time-and-attendance for employees, remote monitoring command center, and ParkMobile/FlashPARCS integrations. Pricing ranges from $3-$55 daily rates and $150-$600 monthly permits, with valet services at $10-$55 per visit.

The business model is sales-led B2B with contracts negotiated directly with property owners, REITs, hospitals, hotels, and government/transit authorities through RFP processes and direct enterprise sales. The company was acquired in 2016 and operates with 1,001-5,000 employees. Service delivery is on-site at client locations staffed by Parking Systems employees, with technology-enabled automation layered on top to drive efficiency and revenue control.

Name

Parking Systems

Legal name

Parking Systems

Website

https://parkingsystems.com

Company type

Private

Founded year

1954

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Parking Systems is a privately held, full-service parking management company founded in 1954, operating 300+ East Coast locations across healthcare, hospitality, residential, retail, transit, and government verticals with integrated valet, transportation, and technology-enabled services.

Ownership category

akta.pro rank

Product category

Parking Management Services

NAICS

Parking Lots and Garages (81293)

SIC

Services-Automotive Repair, Services & Parking (7500)

akta.pro primary industry

Parking Asset Management & Facility Services (Cleaning, Security, Staffing, Maintenance) (TLAJAIAG)

akta.pro secondary industries

Off-Street Parking Facilities Operations (Garages, Lots, Park-and-Ride) (TLAJAIAB), Valet Parking Services (BPABAKAC), Digital Payments & Enforcement for Parking (Mobile Pay, LPR/ANPR, Citation Mgmt) (TLAJAIAE), Parking Access & Revenue Control (PARCS) & Payment Systems (BPABAKAD)

Keywords

• Parking management services
• Valet parking services
• Transportation shuttle services
• Facility maintenance services
• Parking consulting services

Headquarters

HQ city

Valley Stream

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Parking Management Contracts: Full-service parking management contracts with property owners, REITs, hospitals, hotels, office buildings, condominiums, retail centers, parking garages/lots, transit authorities, and event venues. Revenue generated through managing parking operations, revenue control, staffing, and facility maintenance.
2. Valet Services: Premium valet parking services for hotels, hospitals, restaurants, and special events. Revenue generated through per-visit fees and contracted valet services.
3. Transportation/Shuttle Services: Shuttle and transportation services including airport shuttles, hospital shuttles, and event transportation. Includes vehicle fleet management and maintenance.
4. Consulting Services: Advisory services helping clients maximize parking operations including revenue and expense analysis, technology recommendations, transportation planning, and project management.
5. Facility Maintenance: In-house facilities maintenance and janitorial services for parking facilities, garages, and lots.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Parking Systems provides full-service parking management, valet parking, transportation/shuttle services, facility maintenance, hospitality and guest services, and consulting for hospitals, hotels, office buildings, condominiums, retail centers, parking garages/lots, transit authorities, and event venues. The company staffs and operates more than 300 locations across the East Coast, accommodating in excess of 10 million vehicles annually, and supplements its services with proprietary technology including License Plate Recognition (LPR) gateless parking, handheld valet systems, a remote monitoring command center, GPS and face-recognition time-and-attendance, and a Scan-to-Pay (QR/SMS) platform.

Product overview

Parking Systems is a full-service parking management company offering an integrated suite of parking and transportation services. The core offering includes parking management, valet services, and technology solutions (including gateless LPR technology, Scan-to-Pay platform, and handheld valet systems). Supporting services include transportation/shuttle services, facility maintenance, hospitality & guest services, consulting, and monthly parking programs. The company services over 300 locations accommodating more than 10 million vehicles annually across the East Coast, serving diverse sectors including hospitals, hotels, office buildings, condominiums, retail centers, and event venues.

Differentiator

Problem solved

Functional benefit

Brands

• Parking Systems Plus: A division of Parking Systems managing parking operations at various facilities including The Bergen in Brooklyn, NY.

Products and services

• Parking Management Full-service parking management — including revenue control, staffing, enforcement, and facility oversight — delivered to hospitals, hotels, office buildings, condominiums, retail centers, parking garages/lots, transit authorities, and event venues across more than 300 East Coast locations, accommodating 10 million+ vehicles annually.
• Valet Service Hospitality-infused valet parking with digital ticketing, text-ahead vehicle retrieval, and real-time customer feedback. Available 24/7 at hotels, hospitals, casinos, restaurants, and special events, with per-visit pricing typically $10–$55 and oversized-vehicle surcharges.
• Transportation and Shuttle Services Customized shuttle and transportation programs for airports, hotels, events, hospitals, and residential properties. Fleet includes coach buses, sprinters, and ADA-compliant mini-buses with GPS tracking and dispatching.
• Facility Maintenance In-house facilities maintenance and janitorial services for parking facilities, garages, and lots — including power sweeping, pressure washing, concrete/asphalt repairs, painting, striping, lighting inspections, and environmental compliance monitoring.
• Hospitality and Guest Services Professional front-desk, concierge, and bell services designed to enhance guest and resident experiences, including visitor check-in, package management, transportation coordination, and luxury hospitality-standards training.
• Consulting Advisory services to maximize parking operations, including revenue and expense analysis, technology assessments for revenue-control systems, transportation recommendations, and project management for facility improvements.
• Monthly Parking Monthly parking permits for residential and commuter customers at facilities across Brooklyn, Queens, Manhattan, and Long Island City, with online signup and payment options. Pricing tiers include open/covered and standard/SUV rates ranging from $150 to $600 per month.
• Technology Solutions Technology-driven parking operations stack including online reservations and payments, parking access and revenue control systems, handheld valet systems with touchless transactions and real-time vehicle tracking, remote monitoring from a command center, GPS and face-recognition time and attendance systems, and gateless parking with License Plate Recognition technology.

Quantifiable outcome

• 300+ managed locations with 10 million+ vehicles accommodated annually
• +1 more outcomes

Named customers31 records

Segments9 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

AI capability4 records

Feature6 records

Partnerships

Eleven partnerships are on record, tiered core and minor.

• MTA/Long Island RailroadcoreStrategic or Co-development Partner · 3 August 2025Parking Systems awarded parking management at Mineola Intermodal Center, Ronkonkoma Parking Garage, Wyandanch Parking Facility, and Westbury North Parking Garages for MTA/LIRR totaling over 3,500 parking spaces. Partnership includes implementation of scan to pay technology with LPR enforcement.
• Southeastern Pennsylvania Transportation Authority (SEPTA)coreStrategic or Co-development Partner · 2 August 2021Parking Systems awarded parking management of SEPTA transit facilities including Frankford Transportation Center Garage (989 spaces), Norristown Transportation Center Garage (525 spaces), and Lansdale Transportation Center Garage (687 spaces). SEPTA operates bus, subway, elevated rail, commuter rail, light rail and electric trolleybus serving 3.9 million people in five counties around Philadelphia.
• Northwell HealthcoreStrategic or Co-development Partner · 31 October 2018Parking Systems Health awarded valet parking services for Northwell Health consisting of 15 hospital and outpatient facilities. Northwell is NY State's largest healthcare provider with 23 hospitals and 650+ outpatient facilities.
• Parker Jewish InstituteminorStrategic or Co-development Partner · 15 August 2018Parking Systems Health manages parking at Parker Jewish Institute for Health Care and Rehabilitation, a nationally recognized 527-bed non-profit center.
• Prestige Properties & DevelopmentcoreStrategic or Co-development Partner · 31 January 2018Parking Systems awarded management of Mall at Bay Plaza parking complex with over 2,000 parking spaces. Prestige Properties completed the 780,000 square foot development in 2014 as the first enclosed anchored fashion mall opened in NYC area in almost 40 years.
• Kite Realty GroupminorStrategic or Co-development Partner · 12 June 2017Parking Systems awarded valet parking management at City Center Mall by Kite Realty and the City of White Plains. Kite Realty is a full-service REIT owning 120 properties totaling approximately 23.6 million square feet.
• Brooklyn Sports & EntertainmentcoreStrategic or Co-development Partner · 23 March 2017Parking Systems awarded contract for NYCB LIVE, home of the Nassau Veterans Memorial Coliseum. Responsible for parking experience including traffic management and maximizing parking space utilization.
• Delaware NorthcoreStrategic or Co-development Partner · 27 February 2017Parking Systems provides 24/7 valet service for Jake's 58 Hotel & Casino by Delaware North. Casino has 1,000 gaming machines, 227 hotel rooms, and 190-seat restaurant.
• Lalezarian PropertiesminorStrategic or Co-development Partner · 27 September 2016Parking Systems provides professional valet service for Lalezarian Properties at The Granite Buildings in Lake Success, NY. Tenants include NYU Langone Medical Center and Northwell Health.
• ElimiWait ParkingcoreTechnology or IntegrationTechnology partnership for ticketless valet systems with text-ahead vehicle retrieval solutions and real-time customer survey modules. Used across healthcare and hospitality operations.
• The Community BuildersminorStrategic or Co-development PartnerParking Systems manages parking at Beach 21st Street Garage, part of The Community Builders' new mixed-use construction project in Far Rockaway with 224 apartments and 96 parking spaces.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Others

• ParkMobile (EasyPark Group): Mobile parking payment and digital permitting platform integrated with Parking Systems' operations. An ecosystem participant and technology partner rather than a direct competitor in managed services.
• T2 Systems: Provider of parking management software, hardware, and analytics for commercial and university parking operations. A technology supplier serving the same end customers (parking operators and property owners) that Parking Systems targets.

Emerging players

• FlashParking: Cloud-based parking management technology provider offering PARCS, LPR, and digital payment solutions. Partners with and competes against traditional operators like Parking Systems for technology-driven contracts at managed facilities.
• Metropolis: Tech-forward parking and mobility platform leveraging computer vision and AI for gateless, checkout-free parking. Increasingly competing for the same institutional and commercial clients that Parking Systems serves, and recently acquired SP+ to scale operations.

Direct peers

• Ace Parking: National parking management and hospitality services company with strong West Coast presence and growing East Coast operations. Directly comparable service mix including valet, self-park management, shuttle, and technology-enabled solutions.
• SP+ Corporation: One of the largest U.S. parking management companies (now part of Metropolis), operating thousands of parking facilities across the country. Direct competitor in managed parking services, valet, and shuttle operations for the same healthcare, hospitality, and commercial client base.
• LAZ Parking: Large, privately held U.S. parking management company with a national footprint across healthcare, hospitality, airports, and commercial real estate. Directly competes for the same institutional parking management contracts as Parking Systems.
• Impark: North American parking management and transportation services company serving healthcare, commercial, government, and hospitality clients. Closely comparable service mix including valet, shuttle, and managed parking operations.

Broad incumbents

• ABM Industries: Large facility services provider with a parking management segment, serving healthcare, airports, commercial real estate, and government. Competes with Parking Systems in healthcare and commercial facility management, though parking is a smaller share of ABM's broader portfolio.

Regional players

• Patriot Parking: Regional parking management company with significant presence in the Mid-Atlantic and Southeast, providing valet, self-park, and shuttle services. Comparable service mix to Parking Systems with overlapping East Coast geography but more limited national reach.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 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 Parking Systems