Verdant Leisure has bought its eighth holiday park, the Scoutscroft Holiday Centre.
Founded in 2010 following a management buy-in of Scottish holiday park operator Dunham Leisure, Scoutscroft is Verdant’s fourth holiday park purchase in the last 18 months, and sits only a mile from Coldingham Bay Leisure Park, a site the company purchased in early 2017.
Verdant said the deal will continue its strategy to create “a strong regional group with significant scale”, and said it remains keen to add further parks to its group during 2018.
“This acquisition is a perfect choice for the Verdant Leisure group in terms of the geographical location right in the heart of our existing business interests,” said Graham Hodgson, chief executive of Verdant.
“It is an area we know well and Scoutscroft will bring a further 180 pitches to the wider group. We have further investment in the park planned and this will roll out over the next 24 months.”
Backing Verdant Leisure in April 2016, investment group Palatine Private Equity are pleased with the holiday park operator’s latest moves in the market.
“We have been impressed by the hard work and commitment of the management team over the last 18 months,” commented Ed Fazakerley, partner at Palatine Private Equity.
“This is the fourth park acquired by Verdant since we invested in 2016 and we plan to continue growing Verdant’s portfolio of leisure parks further.”