Towne Park Announces the Acquisition of Mile Hi Valet Services
ANNAPOLIS, MD, October 1, 2008. Towne Park announced the acquisition of Mile Hi Valet Services in a move that brings two outstanding companies together to offer industry-leading service and financial results. The combined organization is the national leader in hospitality staffing and parking solutions including valet parking, door and bell services, and parking management systems.
The rationale for the acquisition is:
-- Both companies have premium brands and excellent reputations in the market
-- Services and client portfolios have little overlap, making them highly complementary
Combined organization has coast-to-coast nationwide presence
"This merger is a key step toward our goal of providing best-in-class service to the national hotel community," said Jerry South, Towne Park's Founder and CEO. "In addition to the clear strategic benefits of uniting two highly complementary organizations, this move positions Towne Park as a new kind of industry leader - one founded on exceeding guest expectations through employee empowerment and industry innovation."
Towne Park and Mile Hi join forces with similar cultures, talent and commitments. Both companies place an emphasis on great people, continued associate development, and exceptional customer service.
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