Lanier Closes on Equity Investment, Names Industry Veteran Skillett CEO

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Lanier Closes on Equity Investment, Names Industry Veteran Skillett CEO

Lanier Parking Solutions, a leading national parking and transportation management company, has closed on an equity investment from Antarctica Capital that will enable the Atlanta-headquartered company to “accelerate its acquisition growth plans and expand its services in a broader geographic area.”
The company anticipates that this growth will come from investments in other regional parking companies and large municipal contracts, the press release added.
Lanier also announced March 10, that industry veteran Jerry Skillett will become CEO of the company effective immediately and will “drive the execution of [the company’s] growth initiatives.” Founder, Chairman and CEO Michael Robison will retire from the company.
“I am excited to pass the torch to Jerry, and gratified that he is keeping Lanier’s strong management team in place,” Robison said. “The company we have grown over the last 25 years is in excellent hands.”
Lanier Chief Financial Officer David Klarman said that Antarctica Capital’s investment will give the company “the ability to continue its successful growth strategy and the resources to acquire and form strategic alliances with other private regional parking companies.
“As we seek new business opportunities across the country, we will continue to provide the high level of services our clients have come to expect,” from Lanier team members,” he said.
 “This is an important strategic investment for Antarctica,” said Chandra R. Patel, its Managing Director, “and we are excited to work with the talented Lanier management team and employees to build on their track record of success.
“Our goal in partnering with Lanier is to create a unique platform on which other like-minded regional firms can join with us in building,” Patel said.
[Source: Lanier Parking Solutions]

 

Article contributed by the Parking PT team.
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