Leeds-based international airport parking price comparison company, Looking4Parking.com, which was acquired by Purple Parking in 2016, has confirmed it has completed a management buy back of the business.
The two Leeds-based directors of Looking4Parking.com www.looking4parking.com, which provides access to airport parking around the world, have confirmed that they have taken the opportunity to buy back the business they sold to London-based Purple Parking.
Martin Mansell and Dave Greenbrown, co-managing directors of Looking4Parking.com, were advised by Clarion Solicitors in the seven-figure deal.
Martin Mansell, managing director at Looking4Parking.com, said: “Following the sale, the business grew more rapidly than we anticipated, especially in overseas markets. This created opportunities, and some obstacles, that weren’t anticipated.
“We sat down as a board earlier this year and re-evaluated the business plan which led to us being presented with a phenomenal opportunity to buy back the Looking4parking.com business.”
He added: “The deal completed recently and it has allowed us to press forward with our ambitious plans which has recently included the acquisition of Melbourne-based Airport Parking Australia.
“The Australian acquisition gives us full coverage across Australia and New Zealand, with some additional partnerships in Japan.
“It is the first in a number of acquisitions and partnership agreements that we are looking to strike in the next 12 months as we look to expand our operations globally.”