Parking Management Company (PMC) announces the acquisition of American Parking, Inc. (d/b/a American Valet), a parking services provider based in Phoenix, AZ. The company was acquired in April of 2023. This is PMC’s second acquisition of the year and largest to date.
“We are thrilled to have Mike Pendergraft and the entire American Parking team join PMC,” said PMC President Matt Cahill. “With over 4 decades of experience serving hospitality and commercial clients, they are the perfect partner to expand PMC’s Western presence. Welcome to the PMC family, AP!”
“PMC has long been aware of and admired American Parking’s strong presence in Arizona and New Mexico. The acquisition process was swift and seamless thanks to the clear alignment of cultures between the American Parking and PMC teams. With the acquisition of American Parking, PMC strategically adds significant healthcare clientele to its portfolio, enters the casino parking space, and adds Mike Pendergraft and other valuable leaders to our team,” said Tim Bewley, PMC Chief Investment Officer.
“We are confident in our decision to join the PMC network,” said American Parking Founder and President Mike Pendergraft. “It was clear in our first meetings with PMC’s leadership team, and throughout the transaction process, that PMC shares our core values and really cares about their people and their partners. We can’t wait to continue growing with PMC.”
PMC has steadily continued its march West, adding several new accounts in Arizona, New Mexico, and California in the last few months. PMC now serves clients in over 120 cities and 35 states.
About Parking Management Company
Parking Management Company (PMC) is a hyper-growth, employee-owned hospitality parking services provider and commercial parking management company. PMC provides an unparalleled level of service for hotels, commercial lots and garages, hospitals, casinos, and event venues. PMC’s associates Relentlessly serve hundreds of clients from coast to coast.
About American Parking, Inc.
Founded by Mike Pendergraft in 1980, American Parking serves hospitality clients across Arizona and New Mexico. With local support in each area that they serve, American Parking specializes in providing five-star parking services for healthcare facilities, hotels and resorts, casinos, and retail outlets, as well as parking lot management for self-parking lots and garages.