APCOA Parking AG (APCOA) is Europe's longest-established full service parking management company.[1] Headquartered at Stuttgart Airport, in Germany,[2] it manages over 1,400,000 parking spaces across 13 countries, and employs approximately 4,500 people.[3]
On February 7, 2024, it was announced that Strategic Value Partners had completed its acquisition of the company.[4]
History
In 1949, Howard Metzenbaum and Ted Bonda founded APCOA as the Airport Parking Company of America, Inc. in Cleveland, Ohio. In 1966, the company was acquired by the ITT Corporation and was made into a division of ITT.[5]