Verdant Leisure adds ninth holiday park to portfolio

A ninth holiday park has been acquired by domestic operator Verdant Leisure.

Queensberry Bay Holiday Park & Spa, on the Dumfries and Galloway coastline in south-west Scotland, is the fifth holiday park purchase in the last 28 months for the company.

The purchase, for an undisclosed sum, brings Verdant Leisure’s portfolio to nine parks across southern Scotland and north-east England.

The deal is the fifth bolt-on since the company was backed by Palatine Private Equity in April 2016.

Verdant Leisure now operates more than 3,000 pitches of privately owned lodges, holiday homes, holiday lettings and touring facilities.

The company said it remains keen to add further parks next year.

Queensberry Bay is a 37-acre site including a spa with sauna, pool spa and hot tub.

Verdant Leisure chief executive Graham Hodgson said: “This acquisition is a perfect choice for the group in terms of the geographical location.

“It allows us to expand our portfolio from the Borders and Ayrshire to the west of southern Scotland.

“Queensberry Bay will bring a further 315 holiday home pitches and 40 touring pitches to the wider group.

“We have further investment in the park planned and this will roll out over the next few years.”

Palatine Private Equity partner Ed Fazakerley added: “Verdant Leisure has made great progress since our initial investment back in 2016.

“The management team has continued to deliver strategic acquisitions that will boost revenue and expand the business.

“We’re confident that Verdant will maintain this momentum and continue to grow its portfolio of leisure parks over the next few years.”