Stamford, CT, November 3, 2025: TrueNorth Capital Partners LLC (“TrueNorth”) is pleased to announce that its wholly owned subsidiary, TNCP, LLC (“TrueNorth”), acted as exclusive financial advisor to Cleverciti Systems GmbH (“Cleverciti”) on its sale to ParkHelp Technologies Limited (“ParkHelp”), the global leader in parking guidance and smart mobility solutions. The transaction demonstrates TrueNorth’s strong cross-border capabilities, as well as its leadership in parking industry M&A.

Headquartered in Munich, Germany, Cleverciti is the leading provider of AI-powered outdoor parking guidance and management systems. Its proprietary sensor and software platform delivers real-time occupancy data and enforcement intelligence, helping cities and private operators improve curbside utilization, reduce congestion, and enhance driver experience. Cleverciti’s innovative technology has been deployed in multiple countries, serving municipalities, airports, and private operators worldwide.

ParkHelp, based in New Zealand and Barcelona, Spain, is a global pioneer in indoor parking guidance and smart mobility infrastructure, with installations in over 60 countries. The acquisition of Cleverciti expands ParkHelp’s capabilities into the on-street and outdoor parking markets, establishing one of the most comprehensive smart parking platforms in the world.

Cleverciti’s curbside, on-street, and open-air off-street technologies are used in over 100 cities across the globe to reduce congestion, increase compliance, and enhance the driver experience using patented AI-enabled overhead sensors, real-time occupancy detection, state-of-the art LED digital signage, and guided enforcement. These technologies perfectly complement ParkHelp’s off-street sensor-based guidance systems and digital signage solutions, and the two platforms will now be combined to offer city operators and private asset owners a single, cohesive solution.

“ParkHelp and Cleverciti couldn’t be more complementary to each other – in terms of products, geographies, and industry verticals. Andy Bess and his team at TrueNorth Capital Partners were pivotal in identifying this opportunity and consummating this transaction successfully,” said David Parker, CEO of Cleverciti. “The combination of the two companies will allow us to bring even more value to each company’s trusted clients, and further accelerate the growth opportunity for each of our team members.”

TrueNorth’s professionals supporting Cleverciti are Andrew Bess, Ani Vajjah, and Guy Piccolo

Further inquiries should be directed to TrueNorth at the contact information provided below:

Andrew Bess, Managing Director
Direct Dial: (203) 604-2007
E-mail: abess@truenorthcp.com

Guy Piccolo, Associate
Direct Dial: (203) 817-0289
E-mail: gpiccolo@truenorthcp.com

About Cleverciti Systems GmbH:
Founded in 2012 and headquartered in Munich, Germany, Cleverciti is a pioneering curbside intelligence company specializing in AI-powered parking guidance and enforcement technologies. Its award-winning and patented systems deliver real-time parking availability, guided enforcement, and data-driven curb management for cities and commercial operators worldwide. Visit www.cleverciti.com

About ParkHelp Technologies:
Based in New Zealand and Spain, ParkHelp is one of the world’s leading providers of smart parking solutions, offering a range of innovative products designed to optimize parking management, improve the user experience, promote sustainable urban mobility, and help parking owners generate more revenue. The company designs, manufactures, sells, and services advanced parking guidance systems (PGS), digital guidance signage, license plate recognition (LPR) cameras, and integrated software solutions tailored for diverse environments, including commercial complexes, shopping malls, hospitals, corporate campuses, airports, and municipalities. ParkHelp can be found online at www.parkhelp.com

About TrueNorth Capital Partners LLC:
TrueNorth provides advisory services to companies seeking advice on middle-market M&A and financing transactions. With offices in Stamford, CT; Charleston, SC; Sea Girt, NJ; Naples, FL; Minneapolis, MN, Tokyo, Japan, and London, UK. TrueNorth is a boutique investment bank comprised of senior bankers providing a full complement of financial advisory services. Our focus on the middle-market enables us to provide independent, value-added advisory services to privately held middle-market companies, private equity and family office groups and corporate clients, both domestic and international, across a broad range of industries. TrueNorth conducts its securities related business through its wholly owned subsidiary, TNCP, LLC, member FINRA/SIPC.