Houlihan Lokey Advises ParkHub

Houlihan Lokey is pleased to announce that ParkHub, a leading provider of parking software and payments solutions, has received a growth investment from LLR Partners. The investment will support continued development of the company’s parking management software, growth in payment processing solutions, and complementary acquisition opportunities. The transaction closed on January 28, 2022, and terms of the transaction were not disclosed.

Founded in 2010 and headquartered in Dallas, ParkHub provides a fully integrated software and payment processing solution to optimize parking operations, facilitate payments, and deliver real-time business insights to customers in multiple vertical markets, including sports, music and entertainment, higher education, parks and recreation, and other destinations. Through reliable technology, advanced reporting and analytics, and integrations with numerous parking and ticketing solutions, ParkHub helps clients increase revenue, improve operational efficiency, and deliver exceptional guest experiences.

LLR Partners is a middle-market private equity firm investing in technology and healthcare businesses. LLR collaborates with portfolio companies to identify and execute on key growth initiatives and help create long-term value. Founded in 1999 and with more than $5 billion raised across six funds, LLR is a flexible provider of equity capital for growth, recapitalizations, and buyouts.

Houlihan Lokey served as the exclusive financial advisor to ParkHub and assisted in initiating, structuring, and negotiating the transaction on its behalf. This transaction marks yet another advisory engagement in the technology market and further enhances the Technology team’s extensive track record in the payments ecosystem.