Verdant Leisure acquires seventh UK holiday park

A seventh UK holiday park has been acquired by Verdant Leisure.

The 300-pitch Crosslaw Caravan Park in the Scottish Borders is the third purchase in the last nine months by the operator.

The site will be renamed Coldingham Bay Leisure Park following the deal for an undisclosed sum.

Verdant Leisure now operates 2,800 pitches of privately owned lodges, holiday homes, holiday lettings and touring facilities across southern Scotland and north-east England.

The company “remains keen” to add further parks this year.

Chief executive, Graham Hodgson, said: “This acquisition is a perfect choice for the Verdant Leisure group in terms of the geographical location and the opportunity it offers for future development.

“It is a great park that has delivered an excellent customer experience over many years and is a seamless fit with our brand and values.

“We plan to invest significant funds in Coldingham Bay Leisure Park over the next 12 months, taking advantage of our financial strength and excellent trading performance through 2016.”

The deal follows Palatine Private Equity backing a secondary buyout of Verdant Leisure from RJD Partners in April last year.

Verdant went on to purchase Kingfisher and Heather View holiday parks in the Wear Valley in June.

Ed Fazakerley, oartner 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.”