Connect with us

Technology

Turning Rock Partners, Hudson Valley Parking Trust, Callaway Capital and Arkview Capital Provide Growth Investment for the acquisition of ICON Parking

Published

on

NEW YORK, July 29, 2024 /PRNewswire/ — Turning Rock Partners (“TRP” or “Turning Rock”), a New York-based private investment firm, and Callaway Hudson Partners (“CalHudson”), a partnership between Hudson Valley Parking Trust (“HVPT”) and Callaway Capital Management, LLC (“CCM”), have provided growth capital to support CalHudson’s acquisition of ICON Parking (“ICON” or the “Company”). Hudson Valley Parking Trust (“HVPT”) is a global parking acquisition platform operated by a team of parking veterans who have a demonstrated track record of portfolio expansion within multistate parking assets. The Company is an established operator of over 140 parking garages in New York, NY with 2 million annual parking transactions and features traditional parking, electric vehicle charging and other parking-related services.

The Company provides a strong base from which to pursue growth in ancillary markets

“Hudson Valley Parking Trust has a unique approach to scaling parking portfolios and the ICON platform provides a strong foundation for future growth,” said Turning Rock’s CEO and Managing Partner Maggie Arvedlund. “Parking assets faced challenges during the COVID pandemic with shifting work landscapes but are rebounding in the current environment. The Company provides a strong base from which to pursue growth in ancillary markets.”

“Our investment will enable the Company to capitalize on a unique market opportunity by acquiring a leading parking operator in New York City, the world’s most dynamic parking market and expand the ICON brand in the coming months,” said Hudson Valley Parking Trust Managing Director Jerry Skillett.

“We are excited to partner with Jerry Skillett in the next chapter of growth for one of the most recognizable brands in parking,” said Joon Chang, a co-founder of Arkview Capital. “Since our investment in 2023, we have built a solid platform with strong momentum to expand nationally and welcome our new partners on this journey.”

Turning Rock was advised on the transaction by Akin Gump Strauss Hauer & Feld for legal, BDO USA, LLC for tax advisory, Lockton Companies on insurance, and Silver Regulatory Associates LLC on ESG/DEI. CalHudson was advised on the transaction by Fenwick & West LLP for legal, KPMG LLP for finance, accounting and tax advisory and Marsh USA on insurance. Arkview was advised by Greenberg Traurig LLP for legal and RSM US LLP for accounting and tax advisory.

About Turning Rock Partners:
Turning Rock Partners (“TRP”) targets debt, equity and hybrid investments in underserved or capital constrained lower-middle market businesses in North America. TRP structures bespoke financing solutions for companies across the private market landscape. For more information, please visit Turning Rock Partners’ website: www.turningrockpartners.com. For Turning Rock investor relations, please contact investor@turningrockpartners.com.

About Hudson Valley Parking Trust
Formed in 2021, Hudson Valley Parking Trust is a global parking acquisition platform led by an executive team of parking veterans that provides equity capital and management support to dynamic companies in the parking sector, globally. With over 130 combined years of experience, HVPT has managed and led many of the most successful companies in the parking sector.

About Callaway Capital Management
Founded in 2013 by Daniel Freifeld, Callaway Capital Management (“CCM”), LLC is a Nashville-based asset management and private investment firm that provides equity capital and strategic resources in support of dynamic companies and management teams.

About Arkview Capital
Arkview Capital is a private equity fund backed by the Ziff family office that invests in overlooked opportunities across business services, financial services, and transportation. Arkview provides strategic capital to businesses serving diverse communities, partners with diverse founders, and promotes diversity within procurement and supply chains of leading Fortune 1000 companies.

About ICON Parking
Founded in 1947, ICON Parking (“ICON”) is one of the largest parking management, operating and mobility services providers in New York City and the Tri-State area. Leveraging its 70+ years of experience, ICON provides world-class parking operations, management, and related services to customers and clients through its dedicated operations teams across commercial office, hospitality, municipalities, sports and entertainment, retail, and healthcare verticals, that results in exceptional customer, resident, and tenant parking experiences.

Media Contact:
Kate Shepherd, Kate@KateShepherdCommunications.com

View original content:https://www.prnewswire.com/news-releases/turning-rock-partners-hudson-valley-parking-trust-callaway-capital-and-arkview-capital-provide-growth-investment-for-the-acquisition-of-icon-parking-302208748.html

SOURCE Turning Rock Partners

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Elbit Systems of America Awarded Contracts from U.S. Customs and Border Protection Totaling Over $370 Million to Enhance U.S. National Security

Published

on

By

HAIFA, Israel, July 20, 2026 /PRNewswire/ — Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) (“Elbit Systems” or the “Company”) announced today that its U.S. subsidiary, Elbit Systems of America, LLC (“Elbit America”), has received multiple awards from U.S. Customs and Border Protection (CBP) totaling over $370 million to enhance U.S. national security, with work to be performed through May 2029.

Bezhalel (Butzi) Machlis, President and CEO of Elbit Systems: “These new awards demonstrate Elbit Systems of America’s continued contribution to enhancing the security and defense capabilities of the United States. Our advanced and operationally proven worldwide technologies are designed to deliver reliable, real–time situational awareness, helping our customers address complex operational challenges.”

About Elbit Systems

Elbit Systems is a leading global defense technology company, delivering advanced solutions for a secure and safer world. Elbit Systems develops, manufactures, integrates and sustains a range of next-generation solutions across multiple domains.

Driven by its agile, collaborative culture, and leveraging Israel’s technology ecosystem, Elbit Systems enables customers to address rapidly evolving battlefield challenges and overcome threats.

Elbit Systems employs over 20,000 people in dozens of countries across five continents. The Company reported $2,188.8 million in revenues for the three months ending March 31, 2026, and an order backlog of $30.2 billion as of such date.

For additional information, visit: https://elbitsystems.com, follow us on X or visit our official Facebook, YouTube and LinkedIn Channels.

Company Contact: 

Dr. Yaacov (Kobi) Kagan, Executive VP – CFO
Tel: +972-77-2946663
kobi.kagan@elbitsystems.com

Daniella Finn, VP, Investor Relations
Tel: +972-77-2948984
daniella.finn@elbitsystems.com

Dalia Bodinger, VP, Communications & Brand
Tel: +972-77-2947602
dalia.bodinger@elbitsystems.com

This press release may contain forward–looking statements (within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Israeli Securities Law, 1968) regarding Elbit Systems Ltd. and/or its subsidiaries (collectively the Company), to the extent such statements do not relate to historical or current facts. Forward-looking statements are based on management’s current expectations, estimates, projections and assumptions about future events. Forward–looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions about the Company, which are difficult to predict, including projections of the Company’s future financial results, its anticipated growth strategies and anticipated trends in its business. Therefore, actual future results, performance and trends may differ materially from these forward–looking statements due to a variety of factors, including, without limitation: scope and length of customer contracts; governmental regulations and approvals; changes in governmental budgeting priorities; general market, political and economic conditions in the countries in which the Company operates or sells, including Israel and the United States among others; including the duration and scope of the war in Israel, and the potential impact on our operations; changes in global health and macro-economic conditions; differences in anticipated and actual program performance, including the ability to perform under long-term fixed-price contracts; changes in the competitive environment; and the outcome of legal and/or regulatory proceedings. The factors listed above are not all-inclusive, and further information is contained in Elbit Systems Ltd.’s latest annual report on Form 20-F, which is on file with the U.S. Securities and Exchange Commission. All forward–looking statements speak only as of the date of this press release.

Although the Company believes the expectations reflected in the forward-looking statements contained herein are reasonable, it cannot guarantee future results, level of activity, performance or achievements. Moreover, neither the Company nor any other person assumes responsibility for the accuracy and completeness of any of these forward-looking statements. The Company does not undertake to update its forward-looking statements.

Elbit Systems Ltd., its logo, brand, product, service and process names appearing in this press release are the trademarks or service marks of Elbit Systems Ltd. or its affiliated companies. All other brand, product, service and process names appearing are the trademarks of their respective holders. Reference to or use of a product, service or process other than those of Elbit Systems Ltd. does not imply recommendation, approval, affiliation or sponsorship of that product, service or process by Elbit Systems Ltd. Nothing contained herein shall be construed as conferring by implication, estoppel or otherwise any license or right under any patent, copyright, trademark or other intellectual property right of Elbit Systems Ltd. or any third party, except as expressly granted herein.

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/elbit-systems-of-america-awarded-contracts-from-us-customs-and-border-protection-totaling-over-370-million-to-enhance-us-national-security-302829400.html

SOURCE Elbit Systems Ltd.

Continue Reading

Technology

ANTHBOT M9 Pro Launches with HoloSense™ Quad-Fusion Navigation for Easy, Wire-Free Lawn Care

Published

on

By

DÜSSELDORF, Germany, July 20, 2026 /PRNewswire/ — ANTHBOT has officially launched the M9 Pro, its flagship wire-free robotic lawn mower designed for smarter, effortless lawn care in complex residential gardens. Combining advanced navigation, intelligent automation, and professional mowing performance, the M9 Pro makes maintaining a beautiful lawn easier than ever.

HoloSense™ Quad-Fusion Navigation for Reliable All-Scenario Auto-Pilot

Powered by HoloSense™ Quad-Fusion Navigation, the M9 Pro combines 360° LiDAR, RTK, NetRTK, and Dual AI Vision to deliver reliable All-Scenario Auto-Pilot. The system continuously adapts to open lawns, shaded areas, narrow passages, and complex garden layouts for stable, precise mowing without boundary wires.

Designed for Complex Gardens and Wire-Free Convenience

Built for lawns up to 1,000 m², the M9 Pro features wire-free installation, automatic mapping, and intelligent scheduling, eliminating the complexity of traditional robotic mower setup. Through the ANTHBOT app, users can manage up to 32 mowing zones and enjoy a true Drop & Mow experience from day one.

Intelligent route planning and AI-powered obstacle recognition help the mower navigate trees, flower beds, pathways, and other real-world garden challenges with confidence.

Professional Mowing Performance

The M9 Pro delivers a clean, professional-looking lawn with intelligent U-shaped mowing patterns and EdgeWiz™ edge mowing technology. Its compact design passes through spaces as narrow as 65 cm, climbs slopes up to 45% (24°), crosses obstacles up to 3 cm, and recognizes more than 1,000 obstacle types using AI Vision.

Operating at ≤58 dB with IPX6 waterproof protection, the M9 Pro is built for reliable, low-maintenance lawn care throughout the mowing season.

Availability

Pre-orders for the ANTHBOT M9 Pro began on July 15, 2026, with official sales starting July 27, 2026. Customers placing qualifying pre-orders through the official ANTHBOT online store will receive a complimentary mower garage (valued at €169) while supplies last.

The ANTHBOT M5 Pro, designed for lawns up to 500 m², will be available at a later date.

About ANTHBOT

ANTHBOT simplifies residential lawn care through AI-powered automation and advanced navigation. Operating in over 30 countries, the brand is a top-selling robotic lawn mower brand on Amazon Germany and a trusted partner to premier European retailers including BAUHAUS, Boulanger, Elkjøp, Salling Group, and Landi.For more information, visit anthbot.com.

Media Kit
https://drive.google.com/drive/folders/1ioo0iSCbvHiwicSMZYqsWo9PUm7w9Huk

 

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/anthbot-m9-pro-launches-with-holosense-quad-fusion-navigation-for-easy-wire-free-lawn-care-302828428.html

Continue Reading

Technology

Short Documentary “South China Sea: Our Story” Highlights Regional Peace and Cooperation

Published

on

By

BEIJING, July 20, 2026 /PRNewswire/ — As the waters of the South China Sea are increasingly stirred by geopolitical rivalry, how do the people who live around this vast expanse of blue see the waters they call home? On July 12, the Voice of the South China Sea, a platform of China Media Group (CMG), released the short documentary “South China Sea: Our Story,” which explores a vision of peace, cooperation, and development through the perspectives of a fisherman, a scholar, and a scientist.

Lu Jiabing, a fisherman from Tanmen Township in Hainan, is an inheritor of the Geng Lu Bu – a traditional handwritten navigation guide passed down through generations of Chinese fishermen in the South China Sea. Guided by its routes, he has sailed to the major islands, reefs, and shoals across the South China Sea, retracing the voyages of his ancestors. In his view, this is not merely a traditional way of life for Chinese fishermen; more importantly, it carries forward the wisdom and courage of the generations who first ventured into these waters.

Wu Shicun, a Chinese scholar who has devoted his life to the study of the South China Sea, believes that the historical record should speak for itself. Through irrefutable historical evidence, he hopes to show the international community that the South China Sea is a homeland developed and sustained by generations of Chinese people, and equally, a shared maritime homeland for the countries that border it – one whose peace and stability should be safeguarded through joint efforts.

Huang Hui, a Chinese marine scientist, has turned her attention to the shared ecological challenges facing the world’s oceans. To help protect coral reef ecosystems from the threat of mass bleaching, she has led her team in establishing the world’s largest coral reef ecological restoration demonstration area in the South China Sea, while also actively engaging in international cooperation on coral reef conservation.

“South China Sea: Our Story” is jointly produced by the Voice of the South China Sea, a platform under CMG’s Chinese Language Programming Center, together with the Huayang Center for Maritime Cooperation and Ocean Governance, and the National Institute for South China Sea Studies.

Structured around three chapters – Homeland, Protection, and Renewal – the documentary responds to the international community’s shared aspiration for a “sea of peace, friendship, and cooperation,” and adds a warm human touch to the story of regional cooperation and development in the South China Sea.

https://vscs.cri.cn/20260712/482cc9dc-7fce-4571-a6ca-17e353008157.html 

 

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/short-documentary-south-china-sea-our-story-highlights-regional-peace-and-cooperation-302829401.html

SOURCE China Media Group (CMG)

Continue Reading

Trending