Directors of airport parking specialist buy back business a year after acquisition

Leeds-based airport parking price comparison company Looking4Parking.com, which was acquired by a London firm in 2016, has completed a management buy back of the business in a seven-figure deal.

The two Leeds-based directors of Looking4Parking.com, Martin Mansell and Dave Greenbrown, have confirmed that they have taken the opportunity to buy back the business they sold to Purple Parking.

Mansell 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.”

Rachel Dean of Clarion acted for the buyers.