Published 2 days ago • loading... • Updated 2 days ago

LAZ Parking Acquires Majority Interest in Freight Ninja

On May 6, 2025, LAZ Parking announced that it had purchased a controlling stake in Freight Ninja, a Lombard, Illinois-based company specializing in truck and fleet parking management.
The acquisition responded to growing national challenges in safe truck parking and aims to combine LAZ's parking operations expertise with Freight Ninja's outdoor storage solutions.
Founded in 2022, Freight Ninja oversees a network of 50 well-placed Industrial Outdoor Storage sites across the U.S. And provides a range of services including facility-wide management as well as specialized assistance with market research, site design improvements, and safety protocols.
LAZ Parking manages parking facilities totaling more than 1.7 million spaces across 42 states and 530 cities, and CEO Alan Lazowski expressed excitement about welcoming John Borsellino and his talented team to the LAZ family.
The partnership will provide Freight Ninja with financial and operational support to accelerate growth and reflects an opportunity for LAZ to diversify into a fast-growing market.

Insights by Ground AI

Does this summary seem wrong?