Premier Park is a leading provider of car park management solutions. Sovereign is working with the management team to grow the business both organically and through strategic acquisition to meet the increasing demand for its services.
With the business at an attractive scale, Steve and Steve decided to partner with Sovereign to allow them to de-risk, source a highly experienced management team who could guide the business through its next phase of growth, undertake strategic acquisitions, and continue to hold an equity stake in the business. In May 2019, the Buy-in / Management buy-out of Premier Park was completed.
Based in Exeter, Devon, Premier Park installs and manages Automatic Number Plate Recognition (ANPR) cameras for its UK SME and corporate customers’ car parks to monitor usage, prevent abuse and ensure legitimate users have parking access. Other parking services include managing payments and patrol services. The business currently operates over 840 sites throughout the UK.
Sovereign is working with the management team to grow the business both organically and through strategic acquisition to meet the increasing demand for its services.
This is an evolving market influenced by an increasing demand for spaces and the evolution of electric vehicles - consumers are constantly looking for an improved experience and ease of access. We are well placed to develop the business by broadening our service proposition and continuing to deliver the efficiency and customer satisfaction this business is recognised for.
Paul Dawson / CEO / Premier Park