SunPark operates off-site airport parking facilities throughout the U.S. offering storage, transportation and car care services to airline passengers at locations around the U.S. Working in partnership with the founding Snyder family, Chartwell conducted an extensive analysis of the industry to verify the opportunity, then recapitalized the Company and positioned it for growth.
Chartwell and SunPark’s management worked to achieve three objectives:
- Improve existing operations
- Build the Company’s infrastructure to position it to capitalize on the opportunity to consolidate the off-site airport parking industry
- Grow via acquisition and greenfield development
SunPark became the second largest player in the off-site airport parking industry prior to Chartwell’s exit.