Verdant Leisure has bought the Scoutscroft Holiday Centre near Coldingham Bay from the Hamilton family for an undisclosed sum. This is the fourth acquisition completed by Verdant since Palatine Private Equity led a buyout of the business in April 2016 from the RJD Partners investment firm.
Verdant bought the Coldingham Bay Leisure Park a mile from Scoutscroft early last year. It acquired two sites in the Wear Valley in June 2016. Palatine partner Ed Fazakerley said: “We plan to continue growing Verdant’s portfolio of leisure parks.”
Verdant chief executive Graham Hodgson said the 180 pitch Scoutscroft was in the perfect geographical location for the firm, which is following a consolidation strategy in what is a fragmented sector. It has eight caravan parks.
He started the business by acquiring sites at Pease Bay and Thurston Manor in East Lothian in 2010. Verdant bought Viewfield Manor in Ayrshire in 2011.
Mr Hodgson and Verdant’s operations director Bev Dixon sold South Lakeland Caravan Parks for £125m in 2007, 18 months after leading a £95m management buyout of the business. David Hamilton bought Scoutscroft in 1993.