A High Wycombe company has expanded its national presence with the acquisition of a Sheffield firm.

Intelli-Park, a provider of parking technology and management services, has strengthened its position in the £1.2 billion UK car park industry by acquiring Bank Park.

The Sheffield-based operator is known for its ethical approach and will continue to operate under its own brand with the same team, ensuring a seamless transition for clients.

The acquisition is in line with Intelli-Park's growth strategy, which aims to expand its reach beyond its Buckinghamshire roots.

The company currently manages more than 2,500 sites across various sectors, including residential, retail, healthcare, hospitality, and education, with a workforce of over 300 professionals.

Its clients include McDonald's, Savills, JLL, the NHS, and Cushman & Wakefield.

The acquisition of Bank Park, which caters to a diverse client base, including landowners, agents, and retailers, marks a significant step in Intelli-Park's expansion strategy.

The addition of Bank Park’s team and customer service ethos is said to align perfectly with Intelli-Park’s values.

Intelli-Park Group CEO, Ben Cooke, said: "We are thrilled with the acquisition of Bank Park.

"As one of the top regional car park management providers in the UK, Bank Park has a stellar reputation and offers innovative solutions that will enhance our national expansion.

"Together, we look forward to setting new standards in car park management both in the UK and internationally."

The acquisition is said to underline Intelli-Park's mission to build future-ready sites across the nation, powered by its technology and extensive client service network.

The UK car park management industry is evolving, with smart solutions streamlining payment systems, reducing wait times, and enhancing user experiences.

Data analytics are being used to improve space utilisation and make data-driven decisions to meet rising demands.

Intelli-Park's acquisition of Bank Park will enable the firm to continue its ambitious growth journey, further cementing its position as a leader in the car parking management sector.

The company operates not just in the UK, but also in Germany.

Bank Park's addition to the Intelli-Park family is expected to enhance the national expansion with its innovative solutions.

Despite the acquisition, Bank Park will retain its brand and team, ensuring a smooth transition for clients and reinforcing a shared commitment to quality service.

The acquisition represents a milestone in Intelli-Park’s growth journey.

The company is focused on setting new standards in car park management both in the UK and internationally.

With this strategic move, Intelli-Park is set to redefine the car park management landscape, offering enhanced services and innovative solutions to its clients.