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ICON Parking Trades; New Ownership Plans Expansion
The Broe Group, a multibillion-dollar, privately-held investment company headquartered in Denver, has joined Hudson Valley Parking Trust to acquire 100% of New York City’s largest parking company, ICON Parking. Terms were not disclosed.
“ICON Parking is the industry leader in the top parking market, and we are committed to its long-term success,” said Hudson Valley Parking Trust founder Jerry Skillett. “This new partnership adds strategic resources and relationships to fuel sustained growth.”
The Broe Group’s five-decade real estate acquisition track record will support Hudson Valley Parking Trust’s planned market expansion for the parking operation, the companies said. ICON Parking operates more than 150 locations. The new partnership aims to expand on the parking leader’s two million annual transactions.
- ◦Sale/Acquisition
