CapitalWorks Private Equity Firm Cleveland Ohio

Australian Firms Join in $150M Parking Venture

Gates Group LLC, a private equity firm in Mayfield Heights, is preparing to hit the accelerator on its plans to buy automobile parking companies throughout North America after forming a joint venture with Australia’s Babcock & Brown, a multibillion-dollar
global investment and advisory company.

Walter Stuelpe, Gates Group managing partner, said the new joint venture, Babcock & Brown Gates Parking Investments LLC, will have more than $150 million to invest — 50% more than the $100 million of Gates’ predecessor funds.

The partners will invest both debt and equity in the joint venture, which will buy parking companies in the United States and Canada. Those companies will be operated by Imperial Parking Corp., a Vancouver, B.C., parking company with a Philadelphia-based U.S. unit that the joint venture will own. Imperial, which does business under the name Impark, is the largest such company in Canada and the third-largest on the continent.

Recent News

CapitalWorks Associate Position

Position: Pre-MBA Associate Location: Cleveland, Ohio Start: 2021 CapitalWorks is a private equity investment firm located in Cleveland, Ohio that makes control investments in lower middle market companies.  We

Read More »

CapitalWorks Welcomes Brady Roth

Brady Roth has joined CapitalWorks as an Associate. His primary responsibilities include initial deal screening and evaluation of acquisition opportunities, deal execution and financing. He assists current portfolio companies

Read More »

CapitalWorks Exits Chemtron

Cleveland, Ohio – Cleveland private equity firm CapitalWorks, LLC announced the sale of Chemtron, a leading hazardous and non-hazardous waste management provider in the Midwest to Kinderhook Industries, LLC. 

Read More »

CapitalWorks Sweeps Up Essco

CLEVELAND, OHIO – Cleveland private equity firm, CapitalWorks, LLC has acquired Essco. The acquisition was completed as a part of CapitalWorks’ fourth private equity fund, CapitalWorks Fund IV, L.P. 

Read More »
Private Equity Deal News CapitalWorks

Get the Latest CapitalWorks News in Your Inbox

Share via
Copy link
Powered by Social Snap