An all-Birmingham team has advised on the sale of Billing Aquadrome, the Northamptonshire Holiday Park, to Cumbriabased South Lakeland Caravans.
The sale, for an undisclosed sum, was led by Grant Thornton Corporate Finance in Birmingham.
Based in Great Billing, the company was established in the 1940's by the Mackaness family and has grown into a £8 million turnover business employing 80 people.
The 235 acre Billing Aquadrome site provides 1,100 static holiday homes and a further 900 pitches for touring caravans and tents, while the marina offers some of the best floating moorings in the country. The park also provides a variety of leisure and water sport facilities, and operates the only lakeside jet ski centre in the county.
Paul Mackaness, general manager, said: "The deal with South Lakeland Caravans will enable Billing Aquadrome to further develop it's potential as part of a larger group. A very exciting future awaits the company, its staff and our customers."
Andrew Roberts, corporate finance partner at Grant Thornton in Birmingham, said: "Billing Aquadrome is a well-established business with a growing and loyal customer base. We are confident that the deal represents a positive move for all concerned and we wish everyone involved with the new operation every success."
HBJ Gateley Wareing partner Simon Gill headed the legal advice provided to the Mackaness family.