Ardian acquires CampusParc in major US parking deal

Ardian, a global private investment house, has acquired a 100% stake in CampusParc, which manages the parking facilities at The Ohio State University’s main campus in Columbus, Ohio. 

The transaction, made through funds managed by QIC, marks Ardian's first transportation and Public-Private Partnership (P3) investment in the United States.

CampusParc was formed in 2012 as a P3 and is recognised as the largest university parking concession in the US, overseeing more than 38,000 parking spaces. These facilities serve students, faculty, staff, and visitors of The Ohio State University, the fifth largest public university in the country with over 90,000 students and faculty members. CampusParc also provides parking for the Wexner Medical Center, a well-known research facility and teaching hospital on campus.

Operating under a 50-year Concession Lease Agreement with 39 years remaining, CampusParc has established a robust relationship with The Ohio State University and other local stakeholders over the past 11 years. Ardian plans to work closely with CampusParc’s management to provide essential parking solutions and maintain customer satisfaction. The collaboration will also focus on leveraging digital strategies and implementing sustainability initiatives using Ardian’s ESG expertise.

 Stefano Mion, Co-Head of Infrastructure Americas at Ardian, stated:

"CampusParc is Ardian's first transportation investment in the US, and it’s an ideal fit within the broader strategy of our Americas fund. We are particularly excited to work with such a strong management team and support its commitment to the growing community.

“We look forward to assisting CampusParc in the years ahead and working closely with The Ohio State University, a premier academic institution."

The transaction aligns with Ardian's long track record of developing and acquiring essential global infrastructure assets in the transportation, energy, and digital sectors. Managed through the Ardian Americas Infrastructure Fund V (AAIF V), this acquisition complements Ardian’s existing infrastructure portfolio in the Americas.

Leonarda Orani, Managing Director of Infrastructure at Ardian, commented:

"This transaction marks an exciting milestone for our essential infrastructure strategy in the Americas. We admire CampusParc’s innovative solutions and customer-centric approach, and together, we look forward to leveraging our collective strengths to enhance the customer experience.”