#United States #Hartford #LAZ Parking #Freight Ninja #Truck Parking

LAZ Parking Acquires Majority Interest in Freight Ninja

In a significant strategic move on May 6, 2025, LAZ Parking, recognized as the largest and fastest-growing privately-owned parking operator in the United States, announced its acquisition of a majority interest in Freight Ninja. Based in Lombard, Illinois, Freight Ninja specializes in truck, trailer, and fleet parking management solutions, establishing itself as a leading provider within a rapidly expanding niche of the parking industry.

Freight Ninja operates a network of over 50 industrial outdoor storage (IOS) locations strategically scattered across the United States. Since its inception in 2022, the company has offered a comprehensive range of services, from full-scale management of entire facilities to specialized services including market analysis, layout optimization, and security planning. The partnership with LAZ is expected to supercharge Freight Ninja's growth initiatives and operational capabilities.

Alan Lazowski, the Chairman and CEO of LAZ Parking, expressed enthusiasm around this acquisition, stating, "We are thrilled to have John Borsellino and his amazing team of people join the LAZ family and assist in expanding Freight Ninja's nationwide footprint." He emphasized the shared vision of both companies and identified a tremendous opportunity for collaboration, particularly in managing truck parking facilities and enhancing storage solutions across the country.

LAZ's acquisition comes at a time when safe, secure truck, trailer, and container parking is increasingly becoming a pressing concern for fleet owners nationwide. The statistics are staggering: more than 97% of truck fleet operators are small businesses managing fewer than 20 trucks, with the majority (91.5%) operating six or fewer vehicles. The alignment of LAZ's resources and expertise with Freight Ninja's operational focus presents a unique opportunity to address these challenges in the transportation sector.

Freight Ninja currently manages more than 300 acres of property, housing around 10,000 parking spaces. Along with the financial support from LAZ, Freight Ninja can tap into significant additional resources such as human resources, insurance, accounting, tax, compliance, and IT services. Moreover, LAZ's proprietary technologies, including its eCommerce platform and Subscription parking solutions, will play a pivotal role in streamlining operations.

Jeffrey Karp, President of LAZ Parking, highlighted that this merger is not merely a business expansion but a strategic alliance that addresses a critical need for small business owners throughout the nation. He noted, “It lays the groundwork for sustainable growth and expansion into markets where the demand for safe, secure, and convenient truck parking is paramount.”

John Borsellino, the CEO of Freight Ninja, also expressed excitement over the partnership, acknowledging that this collaboration positions both companies to tackle one of the biggest hurdles faced in transportation—the lack of truck parking. “With LAZ's expertise in parking operations and our focus on outdoor storage solutions, this partnership is a significant step toward ensuring safe and reliable parking options,” he remarked.

As the freight industry grapples with rising operational demands, this acquisition signifies a promising alignment of strengths between two industry leaders. Together, they aim to offer innovative solutions for safe parking, thereby fostering smoother logistics and transportation processes across the country—ultimately supporting the trucking community that lies at the heart of America's supply chain.

About LAZ Parking

Founded in Hartford, Connecticut, LAZ Parking operates over 1.7 million parking spaces across more than 4,000 locations in 42 states and Canada. As a pioneer in digital parking technology, LAZ has focused on incorporating best-in-class management and transportation services since its establishment in 1981. The company is renowned for its advanced business intelligence solutions, remote monitoring capabilities, and eCommerce innovations.

About Freight Ninja

Established in Lombard, Illinois, Freight Ninja is a premier solution provider for truck, trailer, and fleet parking, directly addressing the urgent need for safe, accessible parking for commercial drivers through its extensive network of secured parkings nationwide. More details can be found on their websites.