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The Car Park acquires North Carolina company

A customer pays for parking at a lot managed by The Car Park behind the Owyhee Hotel in Boise Sept. 19. Photo by Anne Wallace Allen

A customer pays for parking at a lot managed by The Car Park behind the Owyhee Hotel in Boise Sept. 19. Photo by Anne Wallace Allen

The Car Park, a Boise company that manages parking at dozens of Boise locations, at the Friedman Airport in Blaine County, and in other states, has purchased the North Carolina parking company McLaurin Parking.

McLaurin is a 70-year-old family-owned company, according to a press release from The Car Park. The terms of the deal weren’t released.

Jeff Wolfe

Jeff Wolfe

The Car Park is a 14-year-old privately held company with offices in Boise; Kansas City, Missouri; Tampa, Florida; and Wichita, Kansas, according to its website. It was founded by Jeff Wolfe, a 30-year veteran of the parking industry who served as chairman of the board of the National Parking Association from 2012 to 2014.

The Car Park press release said the company provides parking management, transportation, event logistics and remote monitoring services in 10 states and serves the municipal, commercial, event, healthcare, retail, airport, university and hospitality markets.

The Car Park is a major player in the Boise parking market, which includes 17,000 spaces in the downtown area, according to the Capital City Development Center. CCDC owns and manages six parking garages with more than 2,500 parking spaces. The city of Boise operates about 3,000 on-street parking meters, and the remaining 11,500 spaces are privately owned spaces in garages or surface parking lots, some of them owned by The Car Park, according to CCDC.

 

 

 

About Anne Wallace Allen

Anne Wallace Allen is the editor of the Idaho Business Review.