Published on 25.03.2024

Ardian, a world-leading private investment house, and Indigo Group, a global player in parking and urban mobility, today announced Clermont, a new Canadian joint venture formed to invest in parking assets.

As part of the partnership, Indigo will contribute its Canadian-owned properties to Clermont while retaining the operations for each of the properties through Indigo Park Canada. Ardian will support Clermont’s digitization and sustainability efforts to drive value creation. Ardian and Indigo will deploy additional equity over the long term, acquiring parking assets, as well as long-term concessions and leases. Indigo will manage the operations of these assets.

The newly formed company, Clermont, will be led by industry veteran, CEO Gordon Craig, who has nearly 30 years of experience in the parking industry, previously serving as the President of Canadian operations and COO of North America for Imperial Parking (Impark). The partnership between Ardian and Indigo represents the continuation of a long-standing and successful collaboration between the two companies which began in 2014.

We are excited to launch this new venture and work with such a reputable and experienced management team in Canada. With our proven track record of developing sustainable and digital-first infrastructure assets, in combination with Indigo’s established and innovative parking solutions, Clermont is strategically positioned for accelerated growth within the Canadian market,” said Stefano Mion, Ardian’s Co-Head of Infrastructure Americas.

Ardian’s Infrastructure team has a long track record of experience developing and acquiring essential infrastructure assets across the global transportation, energy, and digital infrastructure sectors. This transaction will be made through the Ardian Americas Infrastructure Fund V (AAIF V) and complements Ardian’s existing infrastructure portfolio in the Americas.

Expressing his enthusiasm for the new venture, John Laires, CEO of Indigo Park Canada, stated: “We are thrilled to launch this new venture with Ardian, a unique opportunity for Indigo to further expand our footprint in Canada while unlocking value for a growing parking asset portfolio”.

It’s an honor to be working alongside the teams at Indigo and Ardian, both leaders in their respective industries, in this new venture. Clermont will seek to offer innovative, digitally driven, and sustainable parking operations that provide an enhanced customer experience. We are delighted by the opportunity at hand,” said Gordon Craig, CEO of Clermont.