Arrive to Acquire Passport

This acquisition unites Arrive, a global mobility platform operating in over 20,000 cities across 90+ countries, with a key player in the North American market. Passport serves as a technology partner for more than 800 cities and private operators throughout North America, specializing in parking compliance and curbside payment solutions. The deal is part of Arrive's aggressive expansion strategy, which has included the acquisitions of PARK NOW Group, Flowbird Group, and Parkopedia. Formerly known as EasyPark Group, Arrive has recorded a five-year compound annual growth rate of 45 percent in transactions and is backed by investment firms Verdane, Vitruvian Partners, and Searchlight Capital. Passport, founded in 2010, has built a significant presence in cloud-based mobile payments for parking and transit. The Charlotte-based company has raised over $200 million from investors, including a $43 million Series C round led by Bain Capital and a later $90 million investment from Sixth Street Growth. Arrive's CEO, Cameron Clayton, stated the integration of Passport's platform is a "pivotal step" in preparing partners for an autonomous vehicle future. The combined entity aims to create a single platform for cities to manage mobile pay parking, digital enforcement and permitting, and mobility management. This merger reflects a broader trend of consolidation within the rapidly growing urban mobility market. M&A activity in the autotech and mobility sector has been robust as companies race to acquire technology, expand their service suites, and gain market share in a landscape increasingly focused on digital solutions and electric vehicles. The transaction, announced on March 4, 2026, is subject to regulatory review in the United States. The financial terms of the deal have not been disclosed.