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International Development & Environmental Holdings Expands Acquisition Target Nationally
International Development & Environmental Holdings, an emerging leader in professional parking management, today announced that the Company is exploring unsolicited acquisition targets across the U.S.
Due to industry consolidation, high payroll and operating expenses, IDEH has been approached by a large number of owners throughout the U.S. to join the Company and benefit from the economies of scale and an exit strategy.
The Company set very aggressive goals in its recent announcement indicating that it expected to consummate fifteen acquisitions in the New York City area during 2011.
The landscape has changed, stated Scott Lieberman, CEO. Parking management companies, many of which are solely owned, have approached us regarding their potential acquisition. We are presently performing extensive due diligence and demographic studies. Although we make no formal commitment to extend beyond the New York City-metropolitan area, this level of interest certainly reinforces our business model, Lieberman concluded.
The Company set very aggressive goals in its recent announcement indicating that it expected to consummate fifteen acquisitions in the New York City area during 2011.
The landscape has changed, stated Scott Lieberman, CEO. Parking management companies, many of which are solely owned, have approached us regarding their potential acquisition. We are presently performing extensive due diligence and demographic studies. Although we make no formal commitment to extend beyond the New York City-metropolitan area, this level of interest certainly reinforces our business model, Lieberman concluded.
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