Expanding Infrastructure Icon Parking is actively expanding its infrastructure, exemplified by the partnership with IU Charging Inc. to deploy 5,000 charging stations across over 200 sites in New York City, representing a significant opportunity to offer integrated parking and EV charging solutions.
Recent Ownership Transition Since its acquisition by Arkview Capital in March 2023, Icon Parking has undergone strategic growth and modernization initiatives, making it receptive to innovative parking and mobility technologies that can enhance operational efficiency.
Technological Modernization Icon Parking recently upgraded its network infrastructure with Mako Networks, indicating a commitment to adopting advanced technology solutions—which opens avenues for selling enterprise network security, IoT integrations, and digital payment systems.
Market Leadership As the largest private operator in NYC with nearly 200 locations and over 1,000 employees, Icon Parking offers a broad customer base and multiple touchpoints for targeted B2B solutions in parking management, mobile access, and customer engagement platforms.
Financial Scale With annual revenues estimated between 250 and 500 million dollars, Icon Parking presents a considerable revenue stream with potential for scalable solutions in fleet management, revenue optimization, and sustainability initiatives such as EV charging infrastructure.