Central Parking to Be Acquired by Private Equity Firms

Central Parkingsaid it agreed to be acquired by KCPC Holdings in a deal valued at $726 million, or $22.53 a share, in cash.

In a statement, the provider of parking and related services said the transaction is expected to close in the second quarter.

KCPC Holdings is a company formed by affiliates of private equity firms Kohlberg & Co., Lubert-Adler, and Chrysalis Capital Partners.