Palatine Private Equity backed holiday park group, Verdant Leisure has announced the acquisition of its seventh leisure park. Crosslaw Caravan Park in the Scottish Borders is the third holiday park purchase in the last nine months for the bespoke leisure park operator.
The park will be renamed Coldingham Bay Leisure Park with immediate effect and it brings Verdant Leisure’s portfolio to seven parks across southern Scotland and North East England. This latest acquisition continues the company’s growth strategy to create a strong regional group with significant scale, and Verdant Leisure remains keen to add further parks to its offering during 2017.
Located in the delightful village of Coldingham, the leisure park enjoys an elevated position affording fantastic sea views from the majority of its 300 pitches. Coldingham Bay Leisure Park will continue to offer holiday home ownership and touring facilities as well as the introduction of a small luxury hire fleet. The park also offers established woodland walks and the area is a magnet for water sports including diving, sea kayaking and canoeing at both Coldingham Bay and nearby St. Abbs. Such outdoor pursuits and the area’s rich history make it popular with holidaymakers throughout the year.
In April 2016, Palatine Private Equity backed a secondary buyout of Verdant Leisure from RJD Partners and the firm then purchased Kingfisher and Heather View holiday parks in the Wear Valley. Verdant Leisure now operates 2,800 pitches of privately owned lodges, holiday homes, holiday lettings and touring facilities.
Ed Fazakerley, Partner at Palatine Private Equity, said: “When we came on board in 2016 we saw significant buy and build potential in the Verdant Leisure business. This is the third park acquisition since we invested in the company and we plan to continue growing Verdant’s portfolio of leisure parks further.”