Jamieson Corporate Finance has advised the management team of NSL Services Group, led by CEO Mark Underwood, on the £120m acquisition of the business by AAC Capital Partners.
NSL is the UK market leader in on street parking management, working on behalf of more than 50 local authorities in the UK, including most of the large London boroughs and also Manchester and Edinburgh. It also runs parking services across Northern Ireland for the NI Roads Service, a contract which also includes the management of more than 120 off street car parks – the single biggest outsourced car park operation in the UK. It is also the parking industry’s leading supplier of business process outsourced systems, and runs a nationwide contract for DVLA immobilising untaxed vehicles. Recent expansions include the addition of the Patient First ambulance operation to its Passenger Transport division, and the commencement of its international operation with the roll out of managed parking in Abu Dhabi.
NSL was formed in 2007 following the demerger of National Car Parks into two separate businesses. It employs over 5,000 people in the UK and is headquartered in London.