Platform·Energy/Infrastructure Services·October 21, 2026
Stonepeak closes Chicago Parking Meters acquisition
The seller was a consortium of Morgan Stanley Infrastructure Partners, Allianz and a wholly owned subsidiary of the Abu Dhabi Investment Authority.
BuyerStonepeak
TargetChicago Parking Meters
SponsorStonepeak
Sellerconsortium comprising Morgan Stanley Infrastructure Partners, Allianz, and a wholly owned subsidiary of the Abu Dhabi Investment Authority
TypePlatform
IndustryEnergy
Sub-sectorInfrastructure Services
Stonepeak acquired Chicago Parking Meters, the operator of Chicago’s on-street metered parking system with more than 38,000 spaces, including nearly 10,000 downtown. The seller was a consortium of Morgan Stanley Infrastructure Partners, Allianz and a wholly owned subsidiary of the Abu Dhabi Investment Authority.
CPM has invested about $100 million since 2009 in system modernization, including electronic pay stations and the ParkChicago mobile payment app.
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