Drexel Hamilton Facilitates Corporate Carve-Out
Drexel Hamilton served as the exclusive sell-side financial advisor in LAZ Parking’s recent acquisition of Serco Parking Services, the parking enforcement and parking meter management services of Serco, a FTSE top 250 company. The transaction demonstrates the continued strength of Drexel Hamilton’s capabilities in the corporate carve-out space. “We are very proud of the superior service and industry expertise our investment banking team consistently provides to clients,” said Anthony Felice, Managing Partner at Drexel Hamilton. The acquisition increases LAZ Parking’s metered spaces and total meter revenue as well as creates significant opportunities to grow existing business lines and expand geographically. “The complexities involved in planning and executing corporate carve-out transactions make them that much more rewarding. We really enjoyed working with all the individuals from both Serco and LAZ Parking to make it happen,” said Vin Deshpande, Overall Sector Lead of the Investment Banking Group at Drexel Hamilton.