March 03, 2023
SP Plus Corporation Named one of America’s Best Small Companies – Forbes
CHICAGO – SP+ (SP+), (Nasdaq: SP) a leading provider of technology-driven mobility solutions for aviation, commercial, hospitality and institutional clients throughout North America and Europe, today announced it has been named to Forbes annual list of America’s Best Small Companies.
“We are honored to be recognized as one of America’s Best Small Companies for 2023,” said Marc Baumann, Chairman and Chief Executive Officer of SP+. “Over the last several years, we’ve made strategic investments to build cutting-edge technology solutions and lead the digital transformation of our industry. We believe this recognition reflects our strong positioning and positive growth trajectory.”
Forbes screened more than 1,000 companies with a market value between $300 million and $2 billion to identify 541 companies that had positive sales growth over the past 12 months and a share price of at least $5. The ranking is based on earnings growth, sales growth, return on equity and total stock return for the latest 12 months and over the last five years, with more weight given to the latest year’s data.
The full Forbes 2023 America’s Best Small Companies list is available here.
SP+ blends industry-leading technology and best-in-class operations to deliver mobility solutions that enable the efficient movement of people, vehicles and personal belongings. The Company is committed to elevating the consumer experience while meeting the objectives of its diverse clients across North America and Europe. For more information, visit www.spplus.com.
Cautionary Note Regarding Forward-Looking Statements
This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, including the statements regarding expectations, beliefs, plans, intentions and strategies of the Company. The Company has tried to identify these statements by using words such as “expect”, “anticipate”, “believe”, “confident”, “could”, “should”, “estimate”, “intend”, “may”, “plan”, “guidance”, “pathway”, “will”, and similar terms and phrases, but such words, terms and phrases are not the exclusive means of identifying such statements. These forward-looking statements are made based on management’s expectations and beliefs concerning future events affecting the Company and are subject to uncertainties and factors relating to operations and the business environment. Actual results, performance and achievements could differ materially from those expressed in, or implied by, these forward-looking statements due to a variety of risks, uncertainties and other factors. For a detailed discussion of factors that could affect the Company’s future operating results, please see the Company’s filings with the Securities and Exchange Commission, including the disclosures under “Risk Factors” in those filings. Except as expressly required by the federal securities laws, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, changed circumstances or future events or for any other reason.
December 08, 2022
SP+ Brings Technology-Based Parking Payment Options to City of New Orleans
NEW ORLEANS, Dec. 07, 2022 — SP Plus Corporation (SP+), (Nasdaq: SP), a leading provider of technology-driven mobility solutions for aviation, commercial, hospitality and institutional clients throughout North America and Europe, has upgraded the on-street metered parking program in New Orleans to include pay-by-text and pay-by-plate options.
SP+ is the parking service provider for the City of New Orleans and uses its industry-leading Sphere® suite of technologies, specifically designed to streamline high-traffic parking programs and create a seamless experience for parking customers.
For the City of New Orleans, SP+ introduced its technology-based, paperless payment options to simplify the City’s on-street parking process by eliminating the need for parkers to print and display the proof-of-payment on their dashboard, thus also eliminating the issue of misplaced receipts.
Parking customers can use the text-to-pay option or download Parking.com and other popular parking apps to process their payment.
A pay-by-plate option launched simultaneously. Parkers simply enter their license plate number to purchase parking at the pay station and the enforcement system automatically recognizes the valid parking session.
“These upgrades to the on-street metered parking program are state-of-the-art and offered as a convenience for the residents, stakeholders and visitors to the City of New Orleans,” said Bob Kamper, Vice President of Municipal Services at SP+.
SP+ facilitates the efficient movement of people, vehicles and personal belongings with the goal of enhancing the consumer experience while improving bottom line results for our clients. The Company provides technology-driven mobility solutions, professional parking management, ground transportation, remote baggage check-in and handling, facility maintenance, security, and event logistics to aviation, commercial, hospitality, healthcare and government clients across North America and Europe. For more information, visit www.spplus.com.
June 22, 2021
Endera Supplies SP+ With 8 Fully Electric Shuttle Buses, Fleet Swap at San Diego International Airport
SAN DIEGO, CA – Endera, a technology company specializing in all-electric commercial vehicles, charging infrastructure and software solutions, announced its commitment to supply SP+ with 8 fully electric shuttle buses at the San Diego International Airport to replace an older LPG fleet.
“The clean transportation revolution is occurring in San Diego with Endera’s second-ever 100% fleet swap at the San Diego International Airport and the first for an off-airport client. This fleet swap will provide four 25kW chargers and four 50kW chargers along with customized shuttles. Endera will also be supplying SP+ with Endera Go and Endera Transit platforms for full access to ridership data, fleet performance, and reporting through the customer dashboard,” said John Walsh, Endera’s Chief Executive Officer.
Endera’s fully electric customized shuttles supplied to SP+ at the San Diego International Airport
“I am convinced electric vehicles are the way to go. Our employees will not be spending time at the gas station. After successfully testing the shuttle buses, the switch is a no-brainer,” said Richard Abdala, facility manager of Aladdin parking garage. “Endera provided the shuttles that worked for us. They’ve got a good product, they are road tested, and we are super excited to put Endera’s buses on the road.”
SP+ is a technology driven mobility solutions company that sought a superior electrification partner to fit their needs in San Diego. Endera customized the shuttles to ensure a perfect fit into the Aladdin parking facility which has stringent height restrictions for its access gates. To accommodate these height restrictions, Endera commissioned a custom HVAC system to develop the exact shuttles needed. Endera partnered with SP+ throughout the entire vehicle specification process, from the design to the financing of their fleet.
“Having zero-emission shuttle buses picking up and dropping off customers at the airport will bring us one step closer to cleaner air and ultimately a healthier community. In addition to the custom built EV vehicles, Endera will be providing 24/7 connectivity, telematics and fleet management offerings that will help Aladdin know how the vehicles are performing, where they are located, and when they will next need a charge,” added Walsh.
By partnering with Endera, SP+ is forecasts savings on maintenance costs and a 60% reduction on fuel costs. SP+ will benefit from better service to their fleets with minimal downtime. The customized fleet along with ridership data and fleet performance will aid SP+ in continuing to uphold their goals by enhancing the consumer experience with superior electrification solutions. Click here to view the SP+ Testimonial Video
Endera is a vertically integrated technology company specializing in commercial electric vehicles, charging stations and software solutions. We design American-made electric vehicles and provide transportation and energy services that leverage leading technologies and American manufacturing. With one of the lowest total costs of ownership over other commercial electric vehicle offerings, Endera provides sustainable solutions that rival its fossil fuel counterparts in price, technology, longevity, profitability and service. Additional information about Endera is available at www.enderamotors.com.
SP+ facilitates the efficient movement of people, vehicles and personal belongings with the goal of enhancing the consumer experience while improving bottom line results for their clients. SP+ provides professional parking management, ground transportation, remote baggage check-in and handling, facility maintenance, security, event logistics, and other technology-driven mobility solutions to aviation, commercial, hospitality, healthcare and government clients across North America. For more information, visit www.spplus.com.
August 20, 2020
SP Plus Corporation Expands Its Electric Vehicle Charging Program
ChargePoint Selected as SP+’s Preferred Provider for EV Expansion
CHICAGO — SP Plus Corporation (SP+), (Nasdaq: SP), North America’s leading provider of parking, transportation and mobility-related services, today announced the selection of ChargePoint as its preferred provider for expanding its electric vehicle (EV) charging program.
SP+ selected ChargePoint, the world’s largest manufacturer of EV charging stations with a full range of smart solutions, to accelerate its plan to offer drivers the convenience of charging their vehicles while parking at an SP+ facility while they work, shop, play or stay home.
“We chose ChargePoint because they match our commitment to accommodating the future demand for e-mobility which supports the reduction of greenhouse gas emissions. They are also networked to help us remotely manage the charging stations and calculate our progress,” commented Jeff Eckerling, Chief Growth Officer for SP+.
The integration between SP+’s consumer-facing app Parking.com and ChargePoint is designed to allow EV drivers to easily find, reserve, park and identify locations to charge their vehicles.
“ChargePoint’s mission is to get every driver behind the wheel of an EV one parking space at a time,” said Adam Cook, Vice President, Channel Sales at ChargePoint, Inc. “To make that happen, drivers need to be able to charge everywhere they go and whenever they need to do so. We’re excited to have SP+ join this effort to enable the shift to electric mobility by supporting the buildout of EV charging at their facilities across the country.”
SP+ facilitates the efficient movement of people, vehicles and personal belongings with the goal of enhancing the consumer experience while improving bottom line results for our clients. The Company provides professional parking management, ground transportation, remote baggage check-in and handling, facility maintenance, security, event logistics, and other technology-driven mobility solutions to aviation, commercial, hospitality, healthcare and government clients across North America. For more information, visit www.spplus.com.
ChargePoint is creating the new fueling network to move all people and goods on electricity. Since 2007, ChargePoint has been committed to making it easy for businesses and drivers to go electric, with the largest EV charging network and most complete set of charging solutions available today. ChargePoint’s cloud subscription platform and software-defined charging hardware is designed internally and includes options for every charging scenario from home and multifamily to workplace, parking, hospitality, retail and fleets of all kinds. To date, ChargePoint’s network has grown to more than 115,000 places to charge with drivers plugging in approximately every two seconds while delivering more than 81 million charges. For more information, visit the ChargePoint pressroom or contact the North American press office at firstname.lastname@example.org.
Senior Communications Manager
January 12, 2020
CivicSmart Supports Multiple Parking Payment Apps for the City of Atlanta and ATL Plus
MILWAUKEE, WI. – Duncan Parking Technologies, Inc., a subsidiary of CivicSmart, Inc., (“CivicSmart”) is pleased to announce the enhancement of its AutoISSUE handheld enforcement software to support the City of Atlanta’s acceptance of multiple parking payment apps for on-street parking.
The City of Atlanta recently joined a small but growing number of progressive cities that recognize the desirability of allowing motorists to pay for on-street parking using the app of their choice.
In addition to the City’s long-time acceptance of ParkMobile, the City and its operator, ATL Plus, continue to build on the success and innovation of the City’s “Smart Parking” program by expanding to accept payments from the PayByPhone and Passport apps.
To seamlessly accept these payments, parking enforcement officers need to see real-time payment information in their enforcement handheld software. For years, CivicSmart’s AutoISSUE software has incorporated payments from Atlanta’s Flowbird paystations and the ParkMobile app. The most recent release of AutoISSUE software for the City adds payments from PayByPhone and Passport, with work underway to integrate SpotAngels mobile payments in the first quarter of 2020.
The AutoISSUE handheld devices contain a License Plate Recognition engine that instantly checks the paid status of each plate across any payment platform. If a plate is not paid, the officer can efficiently and accurately issue a citation by pre-populating most of the data. Prior to finalizing the citation, the handheld software performs a final, “last second check” to prevent an incorrect citation from being issued if a payment was just made. Officer location and vehicle images are also captured to further document citation details.
The City’s and ATL Plus’ parking system is designed with the highest standards to ensure that every citation that is issued is valid.
In addition to integrating with multiple payment systems, the AutoISSUE software integrates with ATL Plus vehicles equipped with Mobile LPR systems so vehicles that overstay, don’t pay or don’t have permits can be automatically flagged on the officers’ handheld software. This prevents MLPR vehicles from having to stop to issue citations themselves which can cause double-parking, congestion, and vehicle and pedestrian safety risks.
The AutoISSUE software is also integrated with GE’s CityIQ intelligent streetlights which are being piloted in the City and can show officers images of vehicles that block fire hydrants, crosswalks or create other safety hazards.
CivicSmart is a leader in citywide, on-street parking solutions with an 83-year track record providing enforcement, sensors, smart meters, housings and software products for over a million parking spaces. Based in Milwaukee, Wisconsin, CivicSmart’s patented “Smart Parking” solutions have been deployed globally on five continents and serve over 1,500 clients. More information about CivicSmart is available at CivicSmart.com.
January 16, 2017
Saturday Parking Fees Purchased Online for Chicago’s Millennium Garages to Benefit Local Residents
Largest U.S. Underground Parking System Launches Park4Purpose Program, Donating Portion of 2017 Saturday Proceeds to Inspiration Corporation
CHICAGO, Jan. 13, 2017 (GLOBE NEWSWIRE) — SP Plus Corporation (SP+), (Nasdaq:SP), one of the nation’s leading providers of parking management services and the operator of Millennium Garages in downtown Chicago, announces the Park4Purpose program created to benefit the Chicago community. Under Park4Purpose, Millennium Garages will work with local charities and community organizations to provide support to help those in need improve their lives.
Park4Purpose’s first charitable endeavor is its Inspiration Saturdays program, where Millennium Garages is donating a percentage of the fees from Saturday daily parking purchased online at www.millenniumgarages.com to Inspiration Corporation. Donations will help people who need assistance paying the costs of various documents and licenses required to work toward their employment goals.
“The one-time fees to obtain birth certificates, identifications, GED testing, professional licenses and certifications can be a serious financial obstacle to people trying to overcome homelessness and poverty,” stated Shannon Stewart, Executive Director and CEO of Inspiration Corporation.
Kim Hyla, Marketing Manager at Millennium Garages said, “We were looking for a way to invest in the Chicago community. We chose Inspiration Corporation because they reach residents who are really trying to improve their lives and just need a little help.”
The Inspiration Saturdays program at Millennium Garages continues for Saturday parking purchased online throughout 2017. More information is available at www.park4purpose.com.
About Millennium Garage
Millennium Garages is a 3.8 million-square-foot parking facility with approximately 9,176 parking spaces located in four underground parking garages underneath Millennium, Grant and Maggie Daley Parks. As the largest underground parking system in the Unites States, Millennium Garages offer customers in downtown Chicago parking near restaurants, hotels, theaters, universities, offices, retail shops, cultural venues, tourist attractions—plus events, including concerts, sports and seasonal festivals such as the Taste of Chicago. Millennium Parking Garages LLC is a joint venture between Northleaf Capital Partners and AMP Capital. MPG purchased concession interests from the City of Chicago in May 2016. For more information, visit www.MillenniumGarages.com.
About Inspiration Corporation
In an atmosphere of dignity and respect, Inspiration Corporation helps people who are affected by homelessness and poverty to improve their lives and increase self-sufficiency through the provision of social services, employment training and placement, and housing. For more information, visit www.InspirationCorp.org.
SP+ 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 approximately 22,000 employees and operates approximately 3,900 parking facilities with 2.0 million parking spaces in hundreds of cities across North America, including parking-related and shuttle bus operations serving more than 70 airports. USA Parking System, a wholly owned subsidiary, is one of the premier valet operators in the nation. The Company’s ground transportation division transports approximately 40.2 million passengers each year; its facility maintenance division operates in dozens of U.S. cities; and it provides security services in several states. The Company also provides a wide range of event logistics services. For more information, visit www.spplus.com.
Senior Communications Manager
January 15, 2016
CHICAGO, Jan. 15, 2016 — SP Plus Corporation (SP+), (Nasdaq:SP), a leader in parking management, ground transportation and other ancillary services, today announced the promotion of Robert M. Toy to the newly-created position of President of Urban Operations, effective immediately, which consolidates the Company’s urban operations under a single leader. All eight of the Company’s Senior Vice Presidents of urban operations, together with the Executive Vice President of the Company’s New York Tri-State Region, will report directly to Mr. Toy.
“Rob’s strong leadership skills, extensive industry experience and in-depth involvement with the Company’s evolution and success over the past several years make him well suited for this important role,” stated Marc Baumann, Chief Executive Officer. “I believe this streamlined structure will speed decision-making and more effectively leverage the Company’s resources as we look to accelerate our growth.”
Most recently, Mr. Toy served as Executive Vice President of the Company’s Southern Division. During his tenure with the Company, he has held various positions with progressively more responsibility within the organization. Before joining SP+ in 1998 as an executive vice president of USA Parking System, Inc., a wholly-owned subsidiary, he served as chief operating officer for a regional parking organization and as a national operations vice president for a national parking organization. He has 33 years of industry experience, and participates in various professional organizations, including the National Parking Association and International Parking Institute.
SP+ 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 22,000 employees. SP+ Parking operates approximately 3,900 parking facilities with 2.1 million parking spaces in hundreds of cities across North America, including parking-related and shuttle bus operations serving more than 75 airports. USA Parking System, a wholly-owned 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 several states. The Company also provides a wide range of event logistics services. For more information, visit http://spplus.com.
Michael K. Wolf