SP+ among First to Become an Accredited Parking Organization with Distinction

Chicago, Illinois, UNITED STATES

CHICAGO, June 09, 2017 (GLOBE NEWSWIRE) -- SP Plus Corporation (SP+), (Nasdaq:SP), a leader in parking management, ground transportation and ancillary services, recently earned status as an Accredited Parking Organization (APO) with Distinction, becoming one of the first in the United States to do so. The APO designation recognizes best practices in responsible parking management and operations, customer service, professional development, safety and security.

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/482126fa-71af-4165-8d11-d18cd4bfa8bd

“It’s a rigorous process and organizations that achieve accreditation have a right to be very proud,” explained Shawn Conrad, CAE, Executive Director of the International Parking Institute.

To achieve the APO designation from the International Parking Institute, an organization must demonstrate its commitment to ongoing evaluation and improvement through the implementation of parking industry best practices. Applicant organizations work with third-party reviewers to organize and present evidence of accomplishment of over 250 criteria in 14 categories. The designation APO with Distinction is earned by meeting an additional set of criteria from exemplary practices in the industry. Last year, SP+ became the first—and still remains the only—commercial parking operator to earn the APO designation from the International Parking Institute.

“Parking at an accredited facility assures the public that the parking organization adheres to a strict code of ethics and meets national and internationally endorsed standards for professionalism, accountability, responsibility, and performance,” Conrad said.

“We’re thrilled to be among the first to achieve the higher level of APO with Distinction, which validates our position as a leader in advancing our industry through impeccable service and the value we bring to our clients and patrons,” commented Marc Baumann, President and CEO for SP+.

SP+ 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 22,000 employees and operates approximately 3,700 facilities with 2.0 million parking spaces in hundreds of cities across North America, including parking-related and shuttle bus operations serving more than 70 airports. SP+ 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 approximately 42 million passengers each year; its facility maintenance division operates in dozens of U.S. cities; and it provides a wide range of event logistics services. For more information, visit www.spplus.com.


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