Nashville-based Central Parking Corp., which operates more than 80 parking structures in the Los Angeles area, said it has signed a deal to be acquired by a holding company in a deal worth as much as $725 million.

Palo Alto-based equity firm KCPC Holdings Inc. is heading up the purchase.

The deal will pay Central Parking shareholders $22.53 per share, a 10 percent premium on the company’s Tuesday closing price and almost 31 percent more than the closing price on Nov. 27. That was the day before the company announced it had hired the Blackstone Group to evaluate strategic alternatives.

Central Parking owns more than 3,000 facilities, consisting of more than 1.5 million spaces internationally. Sixty-eight of the lots run by Central Parking in this region are in Los Angeles.