SP Plus Corp (SP)
NASDAQ (NGS) NASDAQ (NGS) Primary 
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SP Plus Corp Profile
| Specialty Retail Industry | Consumer Discretionary Sector | G. Marc Baumann CEO | NASDAQ (NGS) Exchange | 78469C103 CUSIP |
| US Country | 13,100 Employees | - Last Dividend | 18 Jan 2008 Last Split | 27 May 2004 IPO Date |
Overview
SP Plus Corporation is a provider of comprehensive mobility solutions, specializing in parking services, parking management, ground transportation, baggage handling, and a variety of ancillary services. Operating across Commercial and Aviation segments, SP Plus Corporation has developed a broad spectrum of services designed to enhance the efficiency and convenience of vehicular and pedestrian movement in urban environments. Initially established in 1929 as Standard Parking Corporation, the company rebranded to SP Plus Corporation in December 2013, signaling a strategic refocus on a wider range of mobility solutions beyond traditional parking management. With its headquarters located in Chicago, Illinois, SP Plus Corporation extends its innovative services primarily under the SP+, Sphere, Bags, AeroParker, MetroParker, and KMP Digitata brands, catering to a diverse set of clients and consumer needs.
Products and Services
- On-site Parking Management and Valet Parking: SP Plus Corporation delivers comprehensive parking solutions including the operation and management of parking facilities, valet parking services equipped with vehicle staging and tracking systems, and doorman/bellman services to ensure a seamless parking experience.
- Ground Transportation: Offering shuttle bus vehicles and drivers for various purposes, SP Plus ensures the smooth movement of people across different locations, providing utility and convenience for both commercial and personal transportation needs.
- Facility Maintenance: The company’s facility maintenance services encompass power sweeping and washing, painting, general repairs, cleaning, and seasonal services, aimed at maintaining the operational efficiency and aesthetic appeal of facilities.
- Event Logistics and Security Services: SP Plus provides event logistics, managing the flow of vehicles and people during events, and security services, including the training and hiring of security officers and patrols, tailored to meet client-specific requirements.
- Baggage and Wheelchair Assist Services: Among its auxiliary services, SP Plus offers baggage handling, including delayed luggage delivery, baggage repair, and replacement, alongside wheelchair assist services, enhancing the travel experience for passengers.
- On-street Parking Management: This includes municipal meter revenue collection, enforcement, and other forms of parking management, aimed at optimizing city parking operations and maximizing revenue.
- Online and Mobile App Consumer Platform: Through the parking.com website, SP Plus offers a digital platform for parking reservations, leveraging technology to streamline the parking process for users.
- Multi-platform Marketing Services: The company extends its digital prowess into marketing through SP+, AeroParker, MetroParker, and KMP Digitata brand websites. These platforms support marketing facilities, mobile applications, search marketing, email marketing, and social media campaigns, enhancing visibility and engagement for clients.
- Revenue Management Services: SP Plus Corporation provides strategic revenue management services, aiming at optimizing pricing strategies and maximizing revenue from parking and related services.
