Gb & Partners Private Equity Group Acquires Majority Stake In Parking Revenue Recovery Services
08/04/21, 2:20 AM
Parking Revenue Recovery Services (PRRS), Inc., a leader in parking enforcement and revenue collections services, yesterday announced the sale of the company's majority stock to GB & Partners Investment Management. GB & Partners and its portfolio company, Asura Technologies, own the majority share in PRRS. With this injection of new capital, PRRS is set to accelerate momentum under the new ownership and further advance its mission within the parking industry.
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G&B Partners is an independent private equity and venture capital fund management firm that specializes in smart city technologies, fashion, fintech, medical technologies and mechanical engineering. As the largest Hungarian-based firm of its kind based on assets, the management boasts a wide range of leadership experience in the fields of PE and venture capital investments/divestitures, M&A transactions, and IPOs, and provides close operational support to investment entities, according to international industry standards.
G&B Partners was granted a total membership of invest Europe in 2019, thus becoming the first Hungarian venture capital firm to receive that honor.