Towne Park Expansion Continues as Company Acquires Salt Lake Leader

Towne Park, a national leader in hospitality and healthcare services, announced today that it has acquired Valet Parking Services (“VPS”), the leading valet service company in Salt Lake City, UT.

The deal secures the number one position for Towne Park in Salt Lake City and creates the region’s most powerful full-range platform of services, supported by Towne Park’s extensive nationwide resources and deep industry expertise.

“With VPS, we will build from a position of strength in a market that is underserved,” stated Towne Park President and Chief Executive Officer Chuck Heskett. “Together we seek to dominate the market, accelerate growth and build one of the best places to work in the country.”

“Towne Park brings massive scale, world-class quality and highly attractive career opportunities,” added VPS President and Chief Executive Officer Kevin Parker. “They are a true game-changer in the industry and we are delighted to join forces to help businesses build memorable customer experiences and extend their brands.”

The acquisition by Towne Park is its fourth over the past two years as it continues to build a platform of services that is transforming the hospitality and healthcare industries. Towne Park’s portfolio of services is unlocking synergies in the hospitality and healthcare verticals, helping hotels, hospitals and other businesses create new business models, maximize growth opportunities and enhance their brands.

About Towne Park

Towne Park is America’s leading hospitality and healthcare services company with over 13,000 employees at more than 700 sites nationwide. If you have had help at a hotel or hospital, you have probably experienced our outstanding service and hospitality. For nearly 30 years we have been partnering with some of the most respected corporations in the world, including premiere global hospitality brands and state-of-the-art hospitals. We offer a broad array of world-class, high-impact services and solutions that empower our partners to improve guest experiences, drive business performance and extend and strengthen their brands. Towne Park has been honored as a “Best Run Company”, a “Best Place to Work” and frequently been named one of “America’s Fastest Growing Companies.” For more information on Towne Park, please visit our website at www.townepark.com.