SP+ Awarded Parking and Shuttle Contract at Baltimore Washington International

December 16, 2014


CHICAGO, Dec. 16, 2014 (GLOBE NEWSWIRE) — SP Plus Corporation (Nasdaq:SP),
a leading national provider of parking, ground transportation and related
products and services to commercial, institutional and municipal clients
throughout North America, today announced that it has been awarded the
parking management contract at the Baltimore/Washington International
Thurgood Marshall Airport (BWI).
The operation encompasses three parking garages and three surface lots
containing more than 27,000 parking spaces at the Airport and Rail Station.
In addition to parking, the Company’s SP+ Airport Services operating group
will oversee security, maintenance and custodial services for the parking
facilities. SP+ Airport Services and its subcontractors will employ
approximately 125 people in connection with its BWI duties. The Company will
assume operational responsibility on January 1.

BWI is operated by the Maryland Aviation Administration and owned by the
Maryland Department of Transportation. The Airport, spread over
3,500 acres of land, contains five concourses and 68 gates and serves more
than 22.5 million passengers per year. The BWI public parking facilities
generate $70+ million in annual parking revenues.

“Our entire SP+ team is extremely excited about this award and anxious to
work with BWI Airport. We’re confident that working together we will deliver
the highest quality of customer service and operational excellence possible,
consistent with the stature and expectations of this dynamic transportation
center,” said Jack Ricchiuto, Executive Vice President, Airports. “We are
proud to add this operation to our portfolio of mid-Atlantic airport
operations, and will spare no effort to establish a new standard of
excellence at BWI.”

About SP+

SP Plus Corporation provides professional parking, ground transportation,
facility maintenance, security and event logistics services to property
owners and managers in all markets of the real estate industry. The Company
has more than 23,000 employees. Its SP+ Parking, Standard Parking and
Central Parking brands operate more than
4,200 parking facilities with over 2.1 million parking spaces in hundreds of
cities across North America, including parking-related and shuttle bus
operations serving more than 75 airports. The Company’s USA Parking System
subsidiary is one of the premier valet operators in the nation with more
four and five diamond luxury properties, including hotels and resorts, than
any other valet competitor. The Company’s ground transportation division
transports over 41 million passengers each year; its facility maintenance
division operates in dozens of U.S.
cities; and its security subsidiary provides licensed security services in
six states. The Company also provides a wide range of event logistics
services. For more information, visit http://spplus.com.
CONTACT: Media contact:
Michael K. Wolf
Executive Vice President
(312) 274-2070