Why did Smart Parking (ASX:SPZ) acquire American Parking?

Smart Parking (ASX:SPZ) executed the acquisition to expand its operations into adjacent US states and build scale in the American parking management market.

What are the financial details of the Smart Parking (ASX:SPZ) transaction?

Smart Parking (ASX:SPZ) agreed to a total transaction purchase price of US$12 million to acquire American Parking. The consideration consists of US$11 million paid in cash and US$1 million in Smart Parking shares deferred for six months.

What were the historical earnings of the business acquired by Smart Parking (ASX:SPZ)?

The acquired business, American Parking, generated revenues of US$8 million and an EBITDA of US$1.4 million during 2025. Smart Parking (ASX:SPZ) stated that the transaction is expected to be earnings per share accretive before accounting for any operational synergies.

What geographic areas are included in the Smart Parking (ASX:SPZ) expansion?

The acquisition adds 54 parking locations across Oklahoma, Texas, and Arkansas to the Smart Parking (ASX:SPZ) portfolio. This transaction increases the total number of US sites under management by Smart Parking to over 200 locations across seven states.

How did the stock market react to the Smart Parking (ASX:SPZ) announcement?

Following the acquisition announcement, the Smart Parking (ASX:SPZ) share price closed higher for the day. The company's shares were up at $0.80 after the market received the transaction details.

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Smart Parking acquires American Parking for US$12M

Written by Brie CarterPublished Jul 2, 2026, 3:12 AM

Smart Parking has executed an agreement to acquire US parking operator American Parking for US$12 million.
The company's share price increased, following the announcement to close higher for the day.
The transaction expands the company's US operations into adjacent states to accelerate the deployment of its proprietary technology platform.

Smart Parking (ASX:SPZ) has executed an agreement to acquire American Parking for US$12 million.

The target business expands the company's footprint after generating 2025 revenues of US$1.4 million.

"We are delighted to welcome the American Parking team and customers to the Smart Parking Group," said Smart Parking CEO Paul Gillespie.

The transaction will be settled with US$1 million in deferred shares.

Following the announcement, the Smart Parking share price was up at $0.80.

The deal increases the total number of US sites under management to over 200 locations across seven states.

The company stated that these new locations provide opportunities to leverage its proprietary SmartCloud technology platform.

Smart Parking acquires American Parking for US$12M

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