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The Parking Spot Celebrates Becoming First Major Parking Company to Launch Employee Ownership Program

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Since 2011, KKR has supported its portfolio companies in awarding equity worth billions of dollars to over 165,000 non-senior management employees across more than 65 companies.

In recent years, KKR has expanded this initiative from our private equity business to other asset classes, in particular infrastructure. The Parking Spot, a leading near-airport parking company, was acquired by KKR in October 2024. Earlier this year, the company launched an employee ownership program that provides all team members, from shuttle drivers to corporate leadership, with a financial stake in the company’s long-term growth. This program aims to enhance employee engagement, performance, and retention by directly linking the team's contributions to the company's financial success.

KKR is also a founding partner of Ownership Works, a nonprofit on a mission to increase prosperity by developing and implementing broad-based employee ownership programs.

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