Holiday park specialist Bridge Leisure has recently completed a management buyout with support from private equity firm Phoenix Equity Partners.
The agreement means that the existing Bridge Leisure management team, led by CEO Andrew Howe, will continue to run the company. Phoenix will support the growth of Bridge Leisure through further developing its four existing parks and providing capital for new acquisitions.
Andrew Howe, CEO of Bridge Leisure, said: “Our plan is to buy new parks. We have the funding, team and know-how to grow in 2015 and beyond and we welcome contact from park owners interested in selling their business.
“We are very pleased that Phoenix will be supporting Bridge Leisure as we look to further expand the business.”
Headquartered in Milton Keynes, Bridge Leisure was founded in 2008 as a holiday park consultancy and management business initially focused on operating leisure parks for third parties. In 2010, the team expanded into the operation of owned parks with the acquisitions of Trevella Park in Cornwall and Sand Le Mere Holiday Village on the Yorkshire coast, followed by Turnberry, in Ayrshire, at the end of 2012. Strengthening its portfolio, Bridge Leisure is simultaneously acquiring Silver Sands Holiday Park, located close to Inverness on the east coast of Scotland.