Modern Parking
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.
- Company typePrivate
- Founded1994
- HeadquartersLos Angeles, United States
- Headcount101–250
- GTM typeB2B
- OfferingServices
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.
Modern Parking firmographics
Firmographics- 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
Modern Parking industry classification
Industry- Product category
- Parking Management Services
- NAICS
- Parking Lots and Garages (81293)
- SIC
- Services-Automotive Repair, Services & Parking (7500)
- akta.pro primary industry
- Parking Facility Operations (Garages, Lots, On-/Off-Street) (BPABAKAA)
- akta.pro secondary industries
- Parking Management & Enforcement (Citations, Permits, Compliance) (BPABAKAB), Off-Street Parking Facilities Operations (Garages, Lots, Park-and-Ride) (TLAJAIAB), Smart Parking Technology Platforms (Occupancy Sensors, Guidance, Reservations, Analytics) (TLAJAIAC)
Keywords
Where Modern Parking is headquartered
LocationHeadquarters
- HQ city
- Los Angeles
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Modern Parking business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Supply Chain, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- 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.
- Valet Parking Services: Professional valet services for restaurants, hotels, offices, medical centers, retail shopping, entertainment complexes, and special events. Provided by trained valet attendants.
- Shuttle Services: Fleet of shuttle buses with passenger capacities ranging from 8 to 25 seats providing transportation solutions for parking facilities.
- 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
Modern Parking product offering
Product offeringCore 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.
Companies that use Modern Parking
Customer profileSegments8 records
Ideal customer profiles5 records
Modern Parking technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Modern Parking partnerships and signals
Strategic signalScale indicators3 records
Recent moves4 records
Expansion highlights4 records
Modern Parking competitors and assessment
Company assessmentDirect 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
Modern Parking social profiles
Digital presenceModern Parking financial estimates
Financial estimateRevenue estimate
Valuation estimate
Modern Parking leadership team
Management profileNumber of profiles
Modern Parking funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Modern Parking M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Modern Parking
What does Modern Parking do?
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.
Is Modern Parking a public or private company?
Modern Parking is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Modern Parking founded?
Modern Parking was founded in 1994. It employs 101 to 250 people.
Where is Modern Parking based?
Modern Parking is headquartered in Los Angeles, United States, in the North America region.
How does Modern Parking make money?
Four revenue lines are on record. Parking Management Services are the primary driver. The others are valet Parking Services, shuttle Services and consulting Services.
Who are Modern Parking's main competitors?
Direct peers on record are LAZ Parking, SP+ (Standard Parking) — now part of Metropolis, Impark, Ace Parking, Propark Mobility and Towne Park. ABM Industries is listed as a broad incumbent. Emerging players are Premium Parking and Metropolis. Lantern Asset Management is listed as a regional player.
Does Modern Parking have an API?
No public API is recorded for Modern Parking.
What industry is Modern Parking in?
Modern Parking's product category is Parking Management Services. Its primary akta.pro industry code is BPABAKAA, Parking Facility Operations (Garages, Lots, On-/Off-Street), with a secondary code of BPABAKAB, Parking Management & Enforcement (Citations, Permits, Compliance). Its NAICS code is 81293 and its SIC code is 7500.