Bridge Leisure Parks, which is backed by Phoenix Private Equity, has acquired its ninth UK holiday park.
The business has acquired Bowland Fell holiday park in Yorkshire as part of its strategy to consolidate the fragmented UK holiday park market.
Bridge Leisure Parks, which is based in Milton Keynes, owned three parks when Phoenix backed its management buyout in 2015. It has since acquired six further parks to give it a total of nine.
Andrew Howe, CEO of Bridge Leisure said: “It’s been a very successful few years for the company with a sustained period of growth and investment. When we undertook the management buyout in 2015 we owned three parks but had a clear and ambitious plan to grow the group through acquisition and organic growth. A little under four years later, with the backing of Phoenix, we have been able to add a further six parks and substantially grow both our existing and acquired parks.”
He added: “This continues our strategy of acquiring attractive parks which we can grow through investment and physical expansion. I am delighted to see our portfolio expand across the UK with the addition of another development rich opportunity to our business.”
Bridge Leisure already own parks in Cornwall, Scotland, The Peak District and a second Yorkshire based park in Tunstall. It also provides operational consultancy services to other park operators.