Derry firm becomes one of UK's biggest car park operators after buying NCP
The administrators, PwC, said the majority of NCP's 145 sites would now transfer to the Martin Group along with the staff who work there.
Zelf Hussain, joint administrator and partner at PwC, said the deal protected hundreds of jobs and delivered the best outcome for creditors.
"Keeping NCP's car parks open also helps keep Britain's town and city centres moving," he added.
"We would like to thank all of NCP's staff and directors for their support and professionalism throughout what has understandably been a period of uncertainty."
NCP's major problems included being locked into long-term leases with property owners and building up a large amount of debt.
The Martin Group already has a substantial commercial property portfolio across the UK including the Fishergate Shopping Centre in Preston and the Mercury Shopping Centre in Romford.
It has recently expanded its hotels business, developing The Bedford Hotel in Belfast and buying The Waterfoot in Derry.
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