Member News: Propark Purchases LA Parking Company

June 6, 2017

Hartford, Connecticut – Propark, Inc. (www.propark.com) announces that it has purchased
Express Park in Los Angeles, California. Express Park’s portfolio of parking operations includes locations in Hollywood, Studio City, Santa Monica and Huntington Park.

Propark’s Chief Investment Officer David Schmid, “We are very excited to be growing our
footprint in the Los Angeles parking services marketplace. This acquisition is part of Propark’s growth strategy to purchase small to medium sized parking companies in a variety of markets across the country. As part of this particular acquisition, we look forward to working with the clients, employees and customers and will bring Propark’s elevated service and innovation to the properties.”

About Propark America
Propark America is one of the country’s largest privately-owned parking companies, providing fullservice parking solutions for all business types, in over 60 cities across the United States. For more information, please visit www.propark.com.

Read the press release.

Media Contact:
Dennis Safford
dennis.safford@propark.com
(860) 856-4104