Modern Parking

What Modern Parking does

Modern Parking, Inc. (MPI) is a privately held parking management services company founded in 1994 and headquartered in Los Angeles, California. The company manages over 165 parking locations across Southern California, providing comprehensive parking operations management for municipal facilities, hotels, retail centers, entertainment centers, office buildings, medical offices, and hospitals. Its core service portfolio includes parking management, professional valet parking services, shuttle services supported by a fleet of 8-25 passenger vehicles, and consulting services for property owners and developers addressing parking challenges for new and existing facilities.

The company's underlying technology is the ePark Pro platform, a client login portal that facilitates parking management operations and provides property owners and managers with digital access to operational data. The go-to-market motion is sales-led and relationship-driven, targeting property owners, property managers, and facility operators directly through business development to establish long-term management contracts. Revenue is generated through managed services contracts and professional services across multiple verticals, including municipal, hospitality, retail, entertainment, commercial office, healthcare, restaurant, and special event segments. The company maintains a modest digital presence through its website and Facebook page, and operates without any publicly disclosed funding, institutional investors, M&A activity, or executive leadership changes.

Name

Modern Parking

Legal name

Modern Parking, Inc.

Website

https://modernparking.com

Company type

Private

Founded year

1994

Operating status

Operating

Headcount range

101–250 employees

Short description

Modern Parking, Inc. is a privately held parking management company founded in 1994 that manages over 165 parking locations across Southern California, providing valet, shuttle, parking management, and consulting services to municipal, hospitality, retail, healthcare, and commercial clients.

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 industry

PRIMARYBPABAKAA

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

Business & Public Services/Facilities Management & Building Services/Parking & Traffic Management Services

SECONDARYBPABAKAB

Parking Management & Enforcement (Citations, Permits, Compliance)

Business & Public Services/Facilities Management & Building Services/Parking & Traffic Management Services

SECONDARYTLAJAIAB

Off-Street Parking Facilities Operations (Garages, Lots, Park-and-Ride)

Transportation & Logistics/Transportation Infrastructure & Operations (Roads, Rail Networks, Traffic Management)/Parking Infrastructure & Management (On/Off-Street, Smart Parking)

SECONDARYTLAJAIAC

Smart Parking Technology Platforms (Occupancy Sensors, Guidance, Reservations, Analytics)

Transportation & Logistics/Transportation Infrastructure & Operations (Roads, Rail Networks, Traffic Management)/Parking Infrastructure & Management (On/Off-Street, Smart Parking)

Keywords

• Parking management services
• Valet parking services
• Shuttle transportation services
• Parking consulting services
• Commercial parking operations

Headquarters

HQ city

Los Angeles

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Parking Management Services: MPI provides comprehensive parking management services for various facility types including municipal facilities, hotels, retail centers, entertainment centers, office buildings, medical offices, and hospitals. Revenue is generated through managed services contracts with property owners and managers.
2. Valet Parking Services: Professional valet services for restaurants, hotels, offices, medical centers, retail shopping, entertainment complexes, and special events. Provided by trained valet attendants.
3. Shuttle Services: Fleet of shuttle buses with passenger capacities ranging from 8 to 25 seats providing transportation solutions for parking facilities.
4. Consulting Services: Advisory services working with property owners, property managers, parking equipment vendors, contractors, and subcontractors to address parking challenges for new projects or existing facilities.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Modern Parking Inc provides professional parking management, valet parking, shuttle transportation, and parking consulting services to property owners, property managers, and facility operators across Southern California. The company manages 165+ parking locations through long-term contracts, deploying trained field staff and a fleet of shuttle buses (8–25 passenger capacity), and supports client operations via the ePark Pro online management portal.

Product overview

Modern Parking Inc is a parking services company founded in 1994 that manages over 165 locations across Southern California. The company offers a unified portfolio of parking services including Parking Management (for municipal facilities, hotels, retail centers, entertainment centers, office buildings, medical offices, and hospitals), Valet Parking Services, Shuttle Services (with vehicles ranging from 8 to 25 passenger capacity), and Consulting Services for new and existing parking facilities. The company also operates ePark Pro, an online platform for parking management operations.

Differentiator

Problem solved

Functional benefit

Brands

• ePark Pro: Online login portal for parking management services.

Products and services

• Parking Management Comprehensive parking operations management for municipal facilities, hotels, retail centers, entertainment centers, office buildings, medical offices, and hospitals; delivered to property owners and managers across Southern California.
• Valet Parking Services Professional valet parking services provided by trained attendants for restaurants, hotels, offices, medical centers, retail shopping, entertainment complexes, and special events.
• Shuttle Services Shuttle transportation delivered via a fleet of shuttle buses with passenger capacities ranging from 8 to 25 seats, providing a safe, convenient transportation solution for high-demand parking situations.
• Consulting Services Advisory services working with property owners, property managers, parking equipment vendors, contractors, and subcontractors to resolve parking challenges for new projects or existing parking facilities.
• ePark Pro Online client portal with login access for parking management operations, providing clients with operational tooling and management dashboards across parking locations.

Segments8 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators3 records

Recent moves4 records

Expansion highlights4 records

Direct peers

• LAZ Parking: One of the largest privately held parking operators in the U.S., offering managed parking, valet, and shuttle services across thousands of locations. Directly comparable to MPI in service mix (management, valet, shuttle, transportation) and B2B property-owner GTM.
• SP+ (Standard Parking) — now part of Metropolis: National parking management and related services provider serving commercial, institutional, and municipal clients. Now combined with Metropolis's smart-parking tech, making it a direct competitor in managed parking plus a benchmark for tech-enabled evolution MPI could pursue.
• Impark: North American parking management and consulting company operating thousands of parking facilities across the U.S. and Canada. Closely comparable to MPI in core service lines, customer verticals, and consulting-led value proposition.
• Ace Parking: Regional parking management company headquartered in San Diego with deep Southern California exposure, providing valet, self-parking, shuttle, and management services. The closest geographic and service-line peer to MPI in the SoCal market.
• Propark Mobility: Parking and mobility company providing valet, parking management, and shuttle services across multiple U.S. markets. Directly comparable to MPI on service mix and B2B property-owner customer base.
• Towne Park: Hospitality-focused parking, valet, and transportation services provider serving hotels, resorts, and healthcare facilities. Directly comparable to MPI's valet- and hospitality-heavy mix with a similar managed-services revenue model.

Broad incumbents

• ABM Industries: Major facility services company that operates a sizable parking management and transportation services segment alongside janitorial, HVAC, and other facility offerings. Comparable to MPI in the parking line, but operates at much greater scale and as part of a diversified services portfolio.

Emerging players

• Premium Parking: Tech-forward parking operator combining traditional management with mobile-pay, digital enforcement, and analytics. A relevant emerging competitor that represents the tech-enabled evolution of the MPI service model.
• Metropolis: Technology-driven parking and mobility platform focused on computer vision, mobile payments, and reservation infrastructure for parking operators. Relevant as the tech stack increasingly being demanded by the same enterprise clients MPI serves.

Regional players

• Lantern Asset Management: Specialized real estate and parking asset management firm focused on parking facility ownership and operations. Comparable to MPI as a focused parking operator, though more asset-heavy in ownership model.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

• Facebookfacebook.com/Modern-Parking-Inc-110267297396565
• LinkedInlinkedin.com/company/modern-parking-inc

Revenue estimate

Valuation estimate

Number of profiles

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 Modern Parking