BVP EIIS Portfolio Company Wayleadr, lands multimillion-dollar exit

8 June 2026

Wayleadr, a smart parking management platform headed by Garret Flower, whose customers include Uber, Google, and OpenAI, has been acquired in a multimillion-dollar buyout on its tenth anniversary.

The company has been bought by a consortium of private equity firms led by San Francisco-headquartered Housatonic Partners, which has invested in more than 100 companies to date with equity investments typically ranging from $10 million to $50 million.

Although no financial details relating to the deal have been publicly disclosed, industry experts valued the company at over $30 million (€26 million). Profitable since shortly after its inception, Wayleadr had raised $10 million in funding prior to its acquisition. Early backers included Powerscourt Capital, BVP, and Enterprise Ireland.

Formerly known as Parkpnp, the company has evolved from a simple mobile app that allowed individuals and companies to let unused car-parking spaces into a workplace automation platform used by multinational corporations to manage real estate efficiency.

Wayleadr essentially automates how companies allocate, access, and enforce parking spaces. It allows organisations to make space available based on factors such as level of attendance and seniority, providing real-time visibility into how parking is being used. The solution, which integrates with desk booking and other workplace tools, also handles associated tasks such as EV charging management.

While founded in Dublin by Flower and Daniel Paul, the company is operational across 36 countries, with the US, where Flower is based, being its primary market.

As part of the acquisition, Alex Thinath has stepped into the chief executive role, with Flower transitioning from day-to-day operations to focus on his next venture, Immensity — a technology and AI investment platform focused on building and acquiring next-generation businesses.

“Garret and the team built an exceptional company and platform,” said Thinath. “We’re excited to build on that foundation as Wayleadr continues expanding its technology, customer footprint, and global reach.”

Speaking to the Business Post, Flower declined to reveal the sale price of the business but said “everyone has done well from it.”

“We kept things super lean. We were profitable early on, and still are, and the company’s still growing really well,” he said.

Flower said he was proud of all he’s achieved with Wayleadr but that as a parent of two children under the age of three, he had started to feel that it was “getting harder to leave them and get on planes all the time.” It was this realisation that made him decide it was time to move on, with the company holding a competitive bidding process to decide on a buyer.

“This was the best deal we got, because they [the buyers] wanted to invest heavily in the team to keep it growing,” he said.

Despite moving on from Wayleadr, Flower is already developing his next project. He is personally funding Immensity with $1 million of his own money alongside three strategic partners. The venture focuses on deploying practical, agent-based AI platforms to boost productivity in mid-size businesses.

“The product positioning is practical,” Flower said, noting that the platform has already been deployed in five companies. “We’re cutting through the hype to deliver measurable business impact rather than flashy tech for its own sake.”