Latest / The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Airport Parking Lots
Private equity firms have quietly consolidated a business you've used without thinking about it: airport parking. Lucas and Luna break down the economics behind the deals, using the example of Parking Concepts Inc. (PCI) and its roll-up of off-airport lots near major hubs. They explain the unit economics—how a single parking spot can generate $3,000 in annual revenue with 60% margins—and why PE firms love the predictable cash flow. They also discuss the downside: rising prices for consumers and the risk of demand destruction as rideshare and autonomous vehicles grow. By July 2026, firms…
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