APCOA Parking

[4] In 1949, Howard Metzenbaum and Ted Bonda founded APCOA as the Airport Parking Company of America, Inc. in Cleveland, Ohio.

The company then expanded across Europe, entering[5] Vienna, capital of Austria, in 1970; Sunbury on Thames, England, in 1981; Mantua, Italy in 1985; and Rotterdam, Netherlands, in 1989.

By the mid-1980s, most of the European in-country subsidiaries had been divested from ITT, and slowly over the next ten years the management of APCOA Autoparking GmbH began to re-integrate the group under common ownership.

[1] The US operations of APCOA were purchased from ITT Corporation through a management buyout in 1975 and eventually merged with Standard Parking in 1998.

[5] After consolidating various partnerships to 100% ownership,[clarification needed] the company continued its expansion into Eastern Europe, entering Rijeka, Croatia in 2003.

[11] In a first step management tried to find equity investors as well as refinancing partners in order to decrease the debt pressure on the company's performance.

APCOA car park information board in Warminster, UK