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SP+ Awarded Parking and Shuttle Contract at Baltimore Washington International

CHICAGO, Dec. 16, 2014 (GLOBE NEWSWIRE) -- SP Plus Corporation (Nasdaq:SP), a leading national provider of parking, ground transportation and related products and services to commercial, institutional and municipal clients throughout North America, today announced that it has been awarded the parking management contract at the Baltimore/Washington International Thurgood Marshall Airport (BWI). The operation encompasses three parking garages and three surface lots containing more than 27,000 parking spaces at the Airport and Rail Station. In addition to parking, the Company's SP+ Airport Services operating group will oversee security, maintenance and custodial services for the parking facilities. SP+ Airport Services and its subcontractors will employ approximately 125 people in connection with its BWI duties. The Company will assume operational responsibility on January 1.

BWI is operated by the Maryland Aviation Administration and owned by the Maryland Department of Transportation. The Airport, spread over 3,500 acres of land, contains five concourses and 68 gates and serves more than 22.5 million passengers per year. The BWI public parking facilities generate $70+ million in annual parking revenues.

"Our entire SP+ team is extremely excited about this award and anxious to work with BWI Airport. We're confident that working together we will deliver the highest quality of customer service and operational excellence possible, consistent with the stature and expectations of this dynamic transportation center," said Jack Ricchiuto, Executive Vice President, Airports. "We are proud to add this operation to our portfolio of mid-Atlantic airport operations, and will spare no effort to establish a new standard of excellence at BWI."

About SP+

SP Plus Corporation provides professional parking, ground transportation, facility maintenance, security and event logistics services to property owners and managers in all markets of the real estate industry. The Company has more than 23,000 employees. Its SP+ Parking, Standard Parking and Central Parking brands operate more than 4,200 parking facilities with over 2.1 million parking spaces in hundreds of cities across North America, including parking-related and shuttle bus operations serving more than 75 airports. The Company's USA Parking System subsidiary is one of the premier valet operators in the nation with more four and five diamond luxury properties, including hotels and resorts, than any other valet competitor. The Company's ground transportation division transports over 41 million passengers each year; its facility maintenance division operates in dozens of U.S. cities; and its security subsidiary provides licensed security services in six states. The Company also provides a wide range of event logistics services. For more information, visit http://spplus.com.

CONTACT: Media contact: Michael K. Wolf Executive Vice President mwolf@spplus.com (312) 274-2070

Source:SP Plus Corporation