SP Plus Corp.

SP Plus Corp.

SP Plus Corp.

Overview
Date Founded

1929

Headquarters

200 East Randolph Street,Suite 7700,Chicago, IL 60601-7702

Type of Company

Public

Employees (Worldwide)

12.2K

Industries

Consumer Services
Other Business & Consulting Services

Company Description

SP Plus Corp. provides professional parking, ground transportation, facility maintenance, security, event logistics, and baggage handling and related services to commercial, institutional, municipal and aviation clients. It also provides a wide range of event logistics services. The firm operates through the following segments: Commercial, Aviation, and Other. The Commercial segment encompasses services in healthcare facilities, municipalities including meter revenue collection and enforcement services, government facilities, hotels, commercial real estate, residential communities, retail, colleges and universities, as well as ancillary services. The Aviation segment encompasses services in aviation, as well as ancillary services, which include shuttle and ground transportation services, valet services, baggage handling, baggage repair and replacement, remote air check-in services, wheelchair assist services and other services. The company was founded in 1929 and is headquartered in Chicago, IL.

Contact Data
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Executives & Employees

President & Chief Executive Officer

Chief Financial Officer, Treasurer & Principal Accounting Officer

General Counsel

Chief Growth Officer

Chief Legal Officer & Secretary

Executive Vice President-Operations

President, Commercial Division

President, Airport Division

Senior Vice President, Corporate Development

President, Bags

Board of Directors

Former Chief Financial Officer at Pitney Bowes, Inc.

Chief Executive Officer at Echo Global Logistics, Inc.

President & Chief Executive Officer at SP Plus Corp.

President, Chief Executive Officer & Director at Brinker International, Inc.

Faculty Member at Practising Law Institute

Vice President Comm at National Defense Transportation Association

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Owners & Shareholders
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Aristotle Boston offers Small-Cap Equity and Small/Mid-Cap Equity investment strategies that aim to maximize long-term returns with great emphasis placed on capital appreciation and relatively little emphasis on current income. The firm's Small Cap Equity strategy seeks to achieve long-term returns versus the Russell 2000 Index with a focus on mitigating market risk. Aristotle Boston's Small/Mid-Cap Equity strategy seeks to achieve long-term returns versus the Russell 2500 Index with a focus on mitigating market risk. In each of their strategies, the firm looks for companies with a high probability of improving growth and profitability.

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Telemark Asset Management seeks to invest primarily in long and short equity positions, but may invest in other types of securities, including debt securities, options and futures. They combine top-down analysis, to assess the various market segments, with bottom-up company specific research. They are likely, at times, to have a high concentration, long or short, in one or more sectors of the market. Telemark's primary objective is long-term performance, which may result in short-term volatility. While their fund is expected to focus on longer-term investments, it may also use short-term investments to protect longer-term positions, or to take advantage of short-term investment opportunities.

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Bernzott Capital Advisors manages concentrated small-cap domestic equity portfolios. The stocks on the firm's buy list are selected and continually evaluated based on their in-house fundamental screening, in-depth financial and accounting analysis and qualitative analysis. They seek to identify companies that exhibit the ability to perform well regardless of industry conditions, cyclical trends or volatility in the economy or market. Bernzott does not buy commodities, futures, ADRs, warrants, options or foreign securities. They also do not purchase on margin, purchase IPOs, use mutual funds or engage in short selling. The firm only purchases domestic securities that are priced daily and can be sold without limitation so that portfolios are liquid, marketable and readily valued at any time.In general, Bernzott invests in the stocks of small-cap US companies in the commercial services, consumer services, finance and technology sectors. The firm maintains a medium turnover rate.

Recent Transactions
Details Hidden

SP Plus Corp. purchases Baggage Airline Guest Services, Inc.

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Parkmobile Usa, Inc. purchases Parkmobile LLC from SP Plus Corp.

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SP Plus Corp. issued . USD Common Stock

Insider Transactions
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Transaction Advisors
Investment Advisor

Advised onSP Plus Corp. purchases Baggage Airline Guest Services, Inc.

Underwriter

Advised onSP Plus Corp. issued USD Common Stock

Advised onSP Plus Corp. issued USD Common Stock

Managing Director

Advised onSP Plus Corp. issued USD Common Stock

Attorney

Advised onSP Plus Corp. issued USD Common Stock

Legal Advisor

Advised onSP Plus Corp. issued USD Common Stock

Advisors & Consultants
Advisor

Managing Director, Investment Banking at William Blair & Company LLC

Consultant

Founder at The Myron C. Warshauer Development Co., Inc.

Clients

Comcast Corporation (Nasdaq: CMCSA, CMCSK) is a global media and technology company with two primary businesses, Comcast Cable and NBCUniversal. Comcast Cable is the nation’s largest video, high-speed Internet and phone provider to residential customers under the XFINITY brand as well as to businesses. NBCUniversal operates 30 news and entertainment cable networks, the NBC and Telemundo broadcast networks, television production operations, television station groups, Universal Pictures and Universal Parks & Resorts.

Equity Residential operates as a real estate investment trust. It engages in the acquisition, development, and management of rental apartment properties, which includes the generation of rental and other related income through the leasing of apartment units to residents. The company was founded by Robert H. Lurie and Sam Zell in March 1993 and is headquartered in Chicago, IL.

Hilton Worldwide Holdings, Inc. engages in the provision of hospitality businesses. It operates through the following segments: Ownership and Management & Franchise. The Ownership segment includes owned, leased, and joint venture hotels. The Management & Franchise segment manages hotels and timeshare properties, and license its brands to franchisees. The company was founded by Conrad Hilton on March 18, 2010 and is headquartered in McLean, VA.

Key Stats and Financials As of 2020
Market Capitalization
$797M
Total Enterprise Value
$1.28B
Earnings Per Share
$-8.21
Revenue
$1.09B
TEVNet Income
-7.4x
Debt TEV
0.54x
Enterprise Value / Sales
1.18x
Total Debt
$688M
Total Equity
$181M
Net Profit
$-173M
Enterprise Value EBITDAOperating
32.54x
EBITDAMargin
2.7%
EBITDA
$29.3M
Three Year Compounded Annual Growth Rate Of Revenue
-11.92%
Non-Profit Donations & Grants
Political Donations
$3,000
2005
$15K
1996
$400
1996
Suppliers
Heartland Payment Systems, Inc. Accounting & Financial Services | Princeton, New Jersey

In 1997 Heartland Payment Systems opened its doors with a modest plan: to provide fair, honest and fully disclosed payments solutions to help businesses prosper. Never veering from our roots or our convictions, that plan has taken us and our clients to places most businesses could only dream of. Today, we process more than 11 million transactions a day and over $80 billion a year. Big or small, each of our clients enjoys the same benefits. A real person who will answer the phone anytime there’s an issue and not hang up until it’s resolved. Pricing and fees that are fair and upfront — so there are never any surprises. And solutions that go beyond card processing, allowing our clients to focus on running their business. We’ve come a long way since 1997, and we’re not done yet. While our size and offerings will continue to evolve, our core values remain steadfast.

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Sailpoint Technologies Holdings, Inc. Holding Companies | Austin, TX

SailPoint Technologies Holdings, Inc. engages in the provision of enterprise identity governance solutions. It operates through the following geographical segments: United States; EMAE or Europe, the Middle East, and Africa; and Rest of the World. It also offers licensing of software, sale of professional services, maintenance, and technical support. The company was founded on August 8, 2014 and is headquartered in Austin, TX.

Competitors
Uber Technologies, Inc. Computer Software - San Francisco, California

Uber Technologies, Inc. offers a mobile application enabling users arrange and schedule transportation. The firm uses application to receive ride requests, and then sends out these requests to drivers who transport customers to their final destination. The company was founded by Oscar Salazar, Travis Kalanick and Garrett Camp in 2009 and is headquartered in San Francisco, CA.

Lyft, Inc. Computer Software - San Francisco, CA

Lyft, Inc. engages in the provision and management of online social rideshare community platform. It provides access to a network of shared bikes and scooters for shorter rides and first-mile and last-mile legs of multimodal trips, information about nearby public transit routes, and Lyft Rentals to offer riders a view of transportation options when planning any trip. The company was founded by Marcus Cohn, John Zimmer, Rajat Suri, Matt van Horn, and Logan Green in 2007 and is headquartered in San Francisco, CA.

Avis Budget Group, Inc. Consumer Finance

Avis Budget Group, Inc. is a leading global provider of vehicle rental services through its Avis and Budget brands, with 10,000 rental locations in approximately 175 countries around the world. Avis Budget Group operates most of its car rental offices in North America, Europe and Australia directly, and operates primarily through licensees in other parts of the world. Avis Budget Group has approximately 29,000 employees and is headquartered in Parsippany, N.J

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