The leisure site operator, Verdant Leisure, has secured a new park with 300 pitches on the Scottish border.
Verdant Leisure, operator of caravan parks, has acquired the Crosslaw Caravan Park in the east coast village of Coldingham for what appears to be a seven figure deal.
Crosslaw Caravan Park, a complex in the Scottish Borders boasting 300 pitches, was purchased from Rodger Fish & Son and is the third park that Verdant has bought since Palatine Private Equity backed a secondary buyout from RJD Equity Partners in April.
The price of the deal is not disclosed, but accounts for Fish & Son show they had £680,000 net assets at 31 October 2016.
With four more parks in southern Scotland and three in northern England, this latest acquisition puts Verdant in a strong position to meet the demand for staycations, which have increased since the fall of the value of the pound has made holidaying abroad more expensive.
Verdant remains keen to add more parks to its portfolio in 2017.