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KKR & Co. is reportedly zeroing in on a $1.4B deal to acquire The Parking Spot, an owner and operator of parking properties close to airports.

The two companies are in "advanced talks" on the deal, sources close to the transaction told Bloomberg. The acquisition could close in a few weeks, but KKR has not yet finalized the deal and it may still fail, Bloomberg reports. 

The Chicago-based parking operator has locations near more than 45 airports, including Midway International Airport and O'Hare International Airport in the Windy City, John F. Kennedy International Airport in New York and San Francisco International Airport. In February, it acquired Park 'N Fly to expand its footprint.