Towne Park announced the acquisition of Mile Hi Valet Services

October 1, 2008

Towne Park announced the acquisition of Mile Hi Valet Services in a move that brings two outstanding companies together to offer industry-leading service and financial results. The combined organization is the national leader in hospitality staffing and parking solutions including valet parking, door and bell services, and parking management systems.

The rationale for the acquisition is:

• Both companies have premium brands and excellent reputations in the market
• Services and client portfolios have little overlap, making them highly complementary
• Combined organization has coast-to-coast nationwide presence

“This merger is a key step toward our goal of providing best-in-class service to the national hotel community,” said Jerry South, Towne Park’s Founder and CEO. “In addition to the clear strategic benefits of uniting two highly complementary organizations, this move positions Towne Park as a new kind of industry leader – one founded on exceeding guest expectations through employee empowerment and industry innovation.”

Towne Park and Mile Hi join forces with similar cultures, talent and commitments. Both companies place an emphasis on great people, continued associate development, and exceptional customer service.

About Towne Park
Towne Park – the national leader of hospitality staffing and parking solutions – provides hospitality contract and parking services including valet parking, door and bell, and parking management services and systems. Towne Park serves over 200 hospitality destinations in over 40 major markets nationwide.

Towne Park was founded in 1988 in Annapolis, MD where their corporate offices still reside today. To learn more about Towne Park and the very best people, please visit www.townepark.com.

About Camden Partners

Camden Partners Holdings, LLC, founded in 1995, is a diversified investment management firm based in Baltimore, Maryland. The company operates equity funds that focus on providing growth capital to emerging companies within the business and financial services, healthcare and education sectors; Camden Partners Limited Partnership, a hedge fund featuring a balanced long-short strategy focusing on small cap public companies; and Camden Private Capital, a fund-of-funds, including Corporate Finance and Venture offerings. For more information, visit http://www.camdenpartners.com.

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