Intelli-Park Expands National Footprint with Acquisition of Bank Park

Strategic Deal Advances Intelli-Park’s Growth, Leveraging Leading Technology and Client Service

 

London, November 7th, 2024 – Intelli-Park, a prominent provider of parking technology and management services in the United Kingdom and Germany, has announced its acquisition of the regional operator Bank Park. The sale represents a significant milestone in the growth and development of Intelli-Park and underlines management’s strong commitment to expanding its presence and technological offering across a wider network.

Based in Sheffield, Bank Park is celebrated for its fair and ethical car parking solutions, serving a diverse client base, including landowners, agents, and retailers. Under this acquisition, Bank Park will retain its established brand name and Sheffield-based team, ensuring a seamless transition for its existing clients.

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For Intelli-Park, the acquisition underscores its mission to build future-ready sites across the nation, enhanced by its industry-leading technology and expansive client service network. With over 300 professionals, Intelli-Park currently manages more than 2,500 sites across various sectors, including residential, retail, healthcare, hospitality, and education. Its blue-chip clients include McDonald's, Savills, JLL, the NHS, and Cushman & Wakefield.

 

The UK car park management industry, valued at approximately £1.2 billion, is evolving with smart solutions that streamline payment systems, reduce wait times, and enhance user experiences. Through data analytics, operators are improving space utilisation and making data-driven decisions to meet rising demands.

 

Ben Cooke, Group CEO of Intelli-Park, commented, “We are thrilled with the acquisition of Bank Park. As one of the top regional car park management providers in the UK, Bank Park has a stellar reputation and offers innovative solutions that will enhance our national expansion. Together, we look forward to setting new standards in car park management both in the UK and internationally.”

 

This acquisition represents a milestone in Intelli-Park’s ambitious growth journey, further cementing its position as a leader in the car parking management sector.​​

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Media enquiries:

Sapience Communications

Richard Morgan Evans, Alice Lim & Thomas Smith

Email: rmorganevans@sapiencecomms.co.uk
alim@sapiencecomms.co.uk / tsmith@sapiencecomms.co.uk
T: 0203 327 8422

 

NOTES TO EDITORS

About Intelli-Park:

Intelli-Park is a leading provider of parking technology and management solutions in the UK and Germany. Founded in 2004, Intelli-Park offers a comprehensive range of intelligent parking solutions and enforcement services, tailored to meet the needs of clients and customers across a variety of sectors. www.intelli-park.com

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About Bank-Park:

Bank Park provides friendly, fair, and ethical car parking solutions, with a focus on supporting local communities through its ‘Park & Give’ scheme. Since opening its first car park in Sheffield in 2013, Bank Park has partnered with landowners, agents, and local authorities to deliver a unique parking experience where every parked car contributes to raising essential funds for local charities. www.bankpark.co.uk

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