Success Parking LTD

Success Parking (Hebrew- "חניוני הצלחה"), the largest parking company in Israel, was established in 2001 by the international businessman and Hi-Tech entrepreneur Tsahi Merkur.

Success Group

Success Parking is part of the Success Group, a group of Israeli and international companies with many areas of activity and substantial assets in countries around the world. The group's activities include, amongst other areas of interest: Real estate and hotels, Hi-Tech projects, retailing, services and more. Success Parking itself has a number of subsidiary companies active in the fields of Human Resources and employee placement, security and others. Today Success Parking employs thousands of people. The Success Group has accumulated experience of more than 30 years in the parking industry.

Business activities

Success Parking has an annual turnover of more than 200 million dollars and serves, every year, some 80% of Israeli drivers.^[1] Already in 2005, Success Parking became the largest parking lots and facilities company in Israel and began operating public car parks. That same year, Success Parking won a tender to operate over a four-year period the five largest parking lots in Tel Aviv owned by Tel Aviv – Yafo municipality and "Achuzat HaHof".^[2] Success Parking considered the acquisition of parking lots and facilities in the United States with a value of hundreds of millions of dollars and submitted a proposal for the acquisition of the public company "Azorim" with the intention of using its many plots as parking lots and investing, through "Azorim", in the purchase of parking lots and facilities in the United States.^[3][4] In 2008, Tsahi Merkur, through Success Parking, purchased from the billionaire businessman, Yitzhak Tshuva, a portfolio of nine parking lots in Tel Aviv, Netanya, Petach Tikva and Jerusalem with some 2000 parking spaces. The deal was worth some 40 million NIS.^[5] Since its establishment, Success Parking has managed hundreds of parking lots and today holds some 100 parking lots and facilities across Israel.^[6] Success Parking operates all types of parking structures and lots including open lots, single and multi-story both with and without parking equipment and robotic parking system, daytime and nighttime parking, private and municipal parking, airport parking facilities, parking at commercial centers as well as office building, residential complexes and more. The company uses in many of its parking lots, technological innovations developed by the company itself. Some of the parking lots are operated by Success Parking for some of Israel's largest holding companies as well as renting parking facilities from business people on a temporary basis until the construction of office buildings, commercial centers, hotels, etc. The total value of temporary plots held by Success Parking until project construction starts is estimated at tens of billions of shekels. Success Parking today provides services for many of the largest companies in Israel as well as most of government ministries such as: the Treasury, the Ministry of the Interior, The Ministry of Defense, The Ministry of Social Security, the Prime Minister's Office and many official bodies such as the Israeli Court's and the Tax Authority. Despite its dominance of the Israeli market, Success Parking continues to expand and is constantly seeking new parking lots and facilities across Israel.

Tsahi Merkur

Tsahi Merkur, the company's founder, is the Chairman of the Israeli Parking Association which operates under the auspices of the Chamber of Commerce. He is also active in other business areas and acts as the CEO for many Hi-Tech and real estate projects around the globe. The Companies contributions and activities Success Parking sees and presents itself as a company that contributes to Israeli society and as a company that has social sensitivity. Success Parking assists charitable and social aid organizations and provides them with free or subsidized parking facilities.

References

External links

1. Success Parking