On the Record · SP Plus
SP Plus acquisitions, on the record
The businesses SP Plus bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Rynn's Luggage CorporationWord for word“2.1 Stock Purchase Agreement dated as of October 16, 2018, by and among Craig Mateer, ZWB Holdings, Inc., Rynn's Luggage Corporation and the Company.” 10-K for 2021 | agreed acquisition | October 16, 2018 | — |
K M P Associates Limited (KMP)Word for word“On October 11, 2022, we acquired K M P Associates Limited ("KMP"), a United Kingdom based software and technology provider serving aviation and commercial parking clients, primarily through its AeroParker technology, throughout the United States and Europe, for approximately $13.8 million and assumed KMP’s debt of $0.3 million.” 10-K for 2022 | acquisition | October 11, 2022 | approximately $13.8 million |
DiVRT, Inc. (DIVRT) certain assetsWord for word“On November 10, 2022, we acquired certain assets of DiVRT, Inc. ("DIVRT"), a developer of innovative software and technology solutions that enables frictionless parking capabilities, for approximately $17.6 million.” 10-K for 2022 | acquisition | November 10, 2022 | approximately $17.6 million |
Roker Inc.Word for word“On July 25, 2023, we acquired certain assets of Roker Inc. ("Roker"), a United States based provider of fully-integrated parking solutions that simplify permit, violation and enforcement management for organizations and municipalities, for approximately $3.1 million.” 10-K for 2023 | acquisition | July 25, 2023 | approximately $3.1 million |
DiVRT, Inc.Word for word“On November 10, 2022, we acquired certain assets of DiVRT, Inc. ("DIVRT"), a developer of innovative software and technology solutions that enables frictionless parking capabilities, for approximately $17.6 million.” 10-K for 2023 | acquisition | November 10, 2022 | approximately $17.6 million |
K M P Associates LimitedWord for word“On October 11, 2022, we acquired K M P Associates Limited ("KMP"), a United Kingdom based software and technology provider serving aviation and commercial parking clients, primarily through its AeroParker technology, throughout the United States and Europe for approximately $13.8 million, less cash acquired of $0.9 million, and assumed KMP's debt of $0.3 million.” 10-K for 2023 | acquisition | October 11, 2022 | approximately $13.8 million |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Cash received from selling businesses | Goodwill from acquisitions |
|---|---|---|---|
| 2016-12-31 | $0 | $0 | — |
| 2017-12-31 | $0 | $600,000 | — |
| 2018-12-31 | $277.9 million | $0 | $154.1 million |
| 2019-12-31 | $0 | $0 | — |
| 2020-12-31 | $0 | — | — |
| 2021-12-31 | $0 | — | — |
| 2022-12-31 | $30.5 million | — | $16.3 million |
| 2023-12-31 | $3.1 million | — | $1 million |
Deal filings since 2016
- 2024-05-16 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2024-05-16 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2023-10-05 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-04-26 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-11-30 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-11-30 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2018-10-17 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-06-23 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-05-12 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from SP Plus’s annual reports (10-K for 2023, 10-K for 2022, 10-K for 2021) and the financial data it files with the SEC, as of 2024-02-28. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.