SP Plus Corporation
NASDAQ Global SelectCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- G. Marc Baumann
- Full Time Employees
- 13,100
- Sector
- Industrials
- Industry
- Specialty Business Services
- Address
- 200 East Randolph Street Chicago IL United States of America 60601-7702
- IPO Date
- Jun 2, 2004
- CIK
- 0001059262
- Website
- spplus.com
- Similar Companies
- Business
- SP Plus Corporation is a provider of technology-driven mobility solutions specializing in parking facility management, ground transportation, baggage handling, and related ancillary services for commercial, institutional, hospitality, and aviation clients. The company’s core products and services include professional parking management; valet services; shuttle and ground transportation; remote airline check-in; baggage logistics, repair, and delayed delivery; facility maintenance such as power sweeping, painting, and cleaning; event logistics; security and revenue control services; and an integrated digital platform through its suite of technology solutions branded as Sphere and Parking.com. SP Plus operates primarily across North America and Europe, serving airports, commercial parking facilities, municipalities, healthcare facilities, and large venues. Founded in 1929 and headquartered in Chicago, Illinois, SP Plus recently underwent a major change through its acquisition by Metropolis Technologies, Inc., an artificial intelligence company, for approximately $1.5 billion completed in May 2024. This acquisition positions Metropolis as the largest parking network and operator in North America with over 4,000 locations and 20,000 employees. SP Plus has expanded its technological capabilities through strategic acquisitions such as K M P Associates Limited, which broadened its software and e-commerce platform offerings globally, and DIVRT Inc., enhancing its SaaS frictionless mobility solutions with a technology innovation lab in India. These moves support SP Plus’s strategy to integrate AI and computer vision technology to modernize parking and mobility services while maintaining its comprehensive operations management and support. SP Plus’s business segments include Commercial, which provides parking and ground transportation services, event logistics, and facility maintenance, and Aviation, encompassing airport parking, baggage handling, shuttle services, and ancillary support services. The company’s sustained focus on technology-driven innovation and expanded geographic reach through recent acquisitions and its integration into Metropolis Technologies underscores its commitment to delivering efficient, digital-first mobility solutions across multiple industries and markets.
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