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30 October 2020Press Releases
James Cowper Kreston’s Corporate Finance team recently provided financial due diligence for Premier Park and Sovereign Capital Partners in their acquisition of Park Watch, a provider of car park management solutions.
This is the third acquisition Premier Park has made since Sovereign backed the business in May 2019 to meet the increasing demand for its services through organic growth and strategic acquisitions. The acquisitions have built the Group to become an integrated and scaled car park management business delivering an end-to-end service with market leading proprietary technology and internal processing capabilities. This latest acquisition takes the total number of sites under management across the UK to over 7,000 and brings the number of staff to c.160.
Established in 2012, Park Watch provides car park management solutions to private car parks across the UK. Based in Cheshire, the business manages sites for a range of enterprise, property management agent and SME clients and strengthens Premier’s North West presence.
Brad McAvoy, Corporate Finance Director at James Cowper Kreston said “We are delighted to have assisted Premier Park and Sovereign Capital Partners on another acquisition. The investment will help Premier Park achieve its fast-paced growth across the UK.”
Jonathan Thorne, Director, Sovereign Capital Partners said: “Brad and the due diligence team at James Cowper Kreston provided quality financial due diligence to support the deal process. Their flexible and pragmatic approach is always appreciated, and we look forward to working with James Cowper Kreston again in the future.”