Looking4Parking.com, which was acquired by Purple Parking in 2016, has completed a management buy back of the business.
The two directors of the Leeds-based international airport parking price comparison company, have confirmed that they have bought back the business they sold to London-based Purple Parking.
Martin Mansell and Dave Greenbrown, co-managing directors of Looking4Parking.com, were advised by Clarion Solicitors in the seven-figure deal.
Martin said: “Following the sale, the business grew more rapidly than we anticipated, especially in overseas markets. This created opportunities, and some obstacles, that weren’t anticipated.
“We sat down as a board earlier this year and re-evaluated the business plan which led to us being presented with a phenomenal opportunity to buy back the Looking4parking.com business.”
He added: “The deal completed recently and it has allowed us to press forward with our ambitious plans which has recently included the acquisition of Melbourne-based Airport Parking Australia.
“The Australian acquisition gives us full coverage across Australia and New Zealand, with some additional partnerships in Japan.
“It is the first in a number of acquisitions and partnership agreements that we are looking to strike in the next 12 months as we look to expand our operations globally.”
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