FlashParking Announces Acquisition of Mountain Parking Equipment
Access to Future-ready Technology for Current and Future MPE Customers
Accelerates FlashParking’s Market Reach in the Southwest and Mountain Regions
AUSTIN, Texas, September 29, 2020 – FlashParking, the leader in parking and mobility technology, announced today it has completed the acquisition of Mountain Parking Equipment (MPE), a Denver, Colorado-based company that has served hundreds of customers over the last 25 years. The deal expands FlashParking’s customer base in the Southwest and Mountain regions. It will provide future MPE customers access to reliable, future-ready technology that diversifies revenue, and helps transform legacy operations to thrive in today’s rapidly evolving mobility landscape.
“For over 25 years, we have been committed to providing the best parking management service to our customers,” said Scott Souder, President, and Founder at MPE. Zach Souder, MPE’s Senior Vice-President, added, “When I met with the FlashParking R&D team, I was blown away and knew immediately this is what our customers deserved. With FlashParking, MPE’s customers will be supported with the same high level of integrity and accountability they are accustomed to.”
“Scott has built a great business and dedicated his career to providing the highest level of support for his customers, and we believe Zach will continue that tradition as a part of our leadership team. Zach brings over a decade of technical and hardware experience related to parking industry products, most recently overseeing the sales and service departments for MPE,” said Dan Sharplin, CEO at FlashParking. “MPE is another great strategic acquisition for FlashParking, that fuels our growth as we revolutionize parking and mobility technology across our industry, the country, and international markets.”
“At MPE, we have evolved our service offerings to ensure our customers have the best and most reliable technology at their fingertips,” Souder continued. “The next step in that evolution for MPE and our customers is joining FlashParking, which is the most advanced technology solution in the market today with their innovative parking and mobility platform.”
Current MPE customers will have the opportunity to access FlashParking’s suite of 21st-century technology, hardware, and service, as well as be the technology of choice for future MPE asset owners in the Southwest and Mountain regions. FlashParking is retaining most of the MPE staff to ensure that customers with legacy equipment will receive the same high caliber service they have experienced since their partnership with MPE began.
This acquisition supports FlashParking’s mission to deliver 21stt-century mobility technology and comprehensive parking services powered by FlashOS, the industry’s only mobility hub operating system, to a well-established customer-base that already expects the best.
With triple-digit year-over-year growth, FlashParking is driving the transformation of the parking industry with its cloud-based parking and mobility platform. The new customer base will have the opportunity to optimize legacy operations, gain real-time visibility and connect to the smart city through FlashParking’s suite of enhanced 21stt-century parking tools, robust business intelligence engine, as well as partnerships in the logistics, transportation, and mobility ecosystems.
The terms of the deal were not disclosed.
FlashParking is the leader in parking technology powering the transformation from isolated parking assets to connected mobility hubs with the first Mobility Hub Operating System. Once underutilized parking assets are optimizing operations, gaining real-time visibility, and connecting to the smart city through FlashParking’s suite of enhanced 21st-century parking, a robust business intelligence engine, and partnerships in the logistics, transportation, and mobility ecosystems. Visit www.flashparking.com to learn more.