P3 Global Management

P3 Global Management (P3GM), founded in 2012, operates as a smart city development company, structuring and managing public-private partnerships (P3s) to modernize municipal infrastructure. The firm was acquired by Estacionamientos y Servicios on April 30, 2020. P3GM's core business involves creating long-term collaborations between city governments and technology providers to fund and implement projects that generate new revenue streams or reduce operational costs for the municipality.

The company's business model centers on identifying urban challenges and sourcing funding and management strategies to deploy next-generation technology solutions. This approach allows cities to upgrade their infrastructure without bearing the full upfront capital expenditure. P3GM facilitates these projects across several key sectors: energy, telecommunications, mobility, and out-of-home media. Revenue is generated through the management of these partnerships and by sharing in the value created, whether through new revenue sources or cost savings achieved by the implemented technologies. This can follow a revenue-risk model, where the private partner collects user fees, or an availability payment model, where the government makes fixed payments for the service.

P3GM's service portfolio is geared towards enhancing the quality of life and economic opportunities within cities. The company project manages the implementation of solutions such as energy-efficient LED streetlight conversions, public Wi-Fi networks, smart parking systems to optimize space utilization, and electric vehicle charging stations. Other notable projects include bike-sharing programs, interactive wayfinding kiosks, and various sustainability solutions. For instance, one of the largest P3 street lighting projects in the U.S. involved converting over 75,000 lights to smart LEDs, financed in part through private activity bonds. Keywords: public-private partnerships, P3 model, smart city development, municipal infrastructure, urban technology, smart lighting, smart parking, public Wi-Fi, electric vehicle charging, bike sharing, infrastructure finance, project management, urban mobility, smart city solutions, government technology, urban innovation, sustainability solutions, technology implementation, economic development, infrastructure investment