LAZ Parking, the largest, fastest-growing privately-owned parking operator in the United States, is pleased to announce it has acquired a majority interest in Freight Ninja, a leading provider of truck, trailer, and fleet parking management solutions. Based in Lombard, Illinois, Freight Ninja operates a network of 50 leased or managed Industrial Outdoor Storage (IOS) locations strategically located across the United States. Established in 2022, the company offers an array of services ranging from full-scale management of an entire facility to more specialized support such as market analysis, layout optimization, and security planning.
Under the agreement with LAZ, Freight Ninja will have access to the financial and operational support needed to accelerate its growth. For LAZ, it’s an opportunity to diversify into a fast-growing market that aligns well with LAZ Parking’s existing business.
“We are thrilled to have John Borsellino, and his amazing team of people join the LAZ family and help expand Freight Ninja’s footprint nationwide,” said Alan Lazowski, Chairman and CEO of LAZ Parking. “We share their vision and see tremendous opportunity to collaborate on the management of truck parking facilities and storage throughout the United States. Freight Ninja is a strong cultural fit for LAZ. It’s a company we very much believe in and will benefit from the resources, technology, and expertise LAZ brings to the partnership.”
IOS parking management services provide comprehensive solutions for property owners and managers seeking to optimize the operation of IOS facilities. The shortage of safe, secure truck, trailer, and container parking has become a major challenge for fleet owners nationally. Over 97 percent are small businesses operating fewer than 20 trucks, the vast majority of which - 91.5 percent - have six or fewer trucks.
Freight Ninja oversees facilities with over 300 acres of property and 10,000 parking spaces. Under the deal, the company will have access to LAZ home office services such as human resources, insurance, accounting, tax, treasury, compliance, and IT. LAZ also brings proprietary technology to the partnership, like LAZ's eCommerce platform & its Subscription parking solution that centralizes and optimizes monthly parking, integrating payment processing and access control.
“This partnership merges the strengths of two industry leaders in a way that addresses a need shared by small business owners across the country,” said Jeffrey Karp, President of LAZ Parking. “It lays the groundwork for sustainable growth and expansion into markets where the need for safe, secure, and convenient truck, trailer, and fleet parking is greatest.”
“We’re excited to team up with LAZ Parking to tackle one of the biggest challenges in transportation—truck parking,” added John Borsellino, Chief Executive Officer of Freight Ninja. “With their expertise in parking operations and our focus on operating and managing outdoor storage solutions, this partnership is a great step forward in offering safe and reliable parking options. Together, we’re helping to keep America’s logistics and transportation running smoothly, and we’re thrilled to have LAZ on board to support the trucking community.