SP Plus LLC

SP Plus LLC, a Santa Monica, California-based limited liability company, provides parking and transportation services exclusively to federal agencies as a prime contractor, operating as a subsidiary of Metropolis Technologies, Inc., competing in unrestricted competitive environments with no set-aside designations across all 17 prime awards in the source data.

SP Plus LLC's federal customer base concentrates heavily within the Department of Veterans Affairs ecosystem. The top five funding agencies account for 65% of awards by count but only 56% by potential value, a split driven by individual agency contract magnitude rather than portfolio concentration. The Department of Veterans Affairs Strategic Acquisition Center Frederick anchors the dollar portfolio at $2.6 million across two awards for subsidized parking programs at VA facilities in Washington, DC. The Pension Benefit Guaranty Corporation follows with a $1.5 million sole-source definitive contract for subsidized parking program management at its 445 12th Street SW headquarters (awarded April 1, 2022, through March 31, 2027), and the Consumer Financial Protection Bureau holds an equivalent $1.5 million ceiling contract at its 445 12th Street headquarters (awarded June 25, 2026, through May 31, 2031). Immigration and Customs Enforcement contributes $895,500 for a 199-space parking lease at the Glenn Anderson Federal Building in Long Beach, California (awarded March 15, 2024, with ultimate completion March 13, 2027, exercising option period 2). Veterans Integrated Service Network 12 and Veterans Integrated Service Network 15 together hold approximately $828,000 and $347,000 respectively, split across standalone BPAs and IDIQ relationships.

Activity has accelerated, climbing from one award in 2023 to six in 2025 and four in 2026. Ten awards with ultimate completion dates in the next twenty-four months carry combined potential value of $5.6 million, presenting significant recompete exposure. SP Plus LLC holds a single-award IDIQ with Veterans Integrated Service Network 15 for parking services at the St. Louis VA Medical Center's Research & Development Department (ceiling $249,999, September 22, 2025, through September 21, 2030), a single-award BPA with Veterans Integrated Service Network 12 for Chicago parking (ceiling $657,000, April 1, 2023, through March 31, 2028), and a multiple-award BPA with the Secret Service for Washington, DC parking (ceiling $80,988.60, September 1, 2025, through August 31, 2030). Service Contract Inventory reporting on a $2.09 million VA parking contract (May 2022 through April 2027) shows 2.8 FTEs and 5,808 contractor hours in FY2024 at a derived government-paid rate of approximately $69 per hour, with all work self-performed and no subcontractor engagement. Across both VA Washington DC locations reported in SCI, SP Plus invoiced approximately $294,000 in FY2022-FY2024. The vendor's contract portfolio spans NAICS 812930 (Parking Lots and Garages) across 17 awards, with 15 awards categorized under PSC code Lease/Rental of Parking Facilities and two under Operation of Parking Facilities. All contracts are structured as firm fixed-price with no set-aside designations, placing SP Plus in direct competition against commercial parking vendors operating in federal markets.