LAZ Parking acquires outdoor truck parking operator
CONTRIBUTED
A 265-spot truck, trailer and fleet parking facility operated by Freight Ninja in Jacksonville, Florida.
Hartford-based parking empire LAZ Parking has continued its buying spree with the acquisition of a majority interest in Freight Ninja, a provider of truck, trailer and fleet parking management solutions based in Illinois.
Freight Ninja, founded in 2022, manages 50 outdoor storage facilities for semi-truck, semi-trailer and equipment across the United States. It oversees about 300 acres of parking lot space and 10,000 parking spaces.
Based on the agreement, Freight Ninja will have access to financial and operational support from LAZ, including human resources, insurance, accounting, tax, treasury, compliance and IT services. LAZ will also share its proprietary technology with Freight Ninja.
LAZ says the partnership gives it an opportunity to “diversify into a fast-growing market that aligns well with LAZ Parking's existing business,” according to an announcement.
"We share their vision and see tremendous opportunity to collaborate on the management of truck parking facilities and storage throughout the United States,” said Alan Lazowski, chairman and CEO of LAZ. “Freight Ninja is a strong cultural fit for LAZ. It's a company we very much believe in and will benefit from the resources, technology, and expertise LAZ brings to the partnership."
Freight Ninja is growing as it works to address the national shortage of safe, secure truck, trailer and container parking, according to the announcement.
LAZ Parking also recently acquired a majority interest in FleetLogix, a fleet management and staffing services provider headquartered in San Diego, California.
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