M&A Deal Summary

Blue Water Acquires Endless Caverns

On June 2, 2022, Blue Water acquired leisure company Endless Caverns

Acquisition Highlights
  • This is Blue Water’s 1st transaction in the Leisure sector.
  • This is Blue Water’s 1st transaction in the United States.
  • This is Blue Water’s 1st transaction in Virginia.

M&A Deal Summary
Date 2022-06-02
Target Endless Caverns
Sector Leisure
Buyer(s) Blue Water
Deal Type Add-on Acquisition

Target

Endless Caverns

New Market, Virginia, United States
Endless Caverns offers a breathtaking on-site cavern system for guests to enjoy, elevating the standard for adventure and setting the bar for fully-contained resort vacation destinations. The caverns include 148 pull-through & back-in RV sites, nature trails for hiking and biking, a zero-entry pool, a catch and release fishing pond, and more. The resort also offers recreation on the Shenandoah River including kayaking, rafting, and tubing, along with plenty of history and culture to explore in the area. Endless Caverns is based in New Market, Virginia.

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Buyer(S) 1

Buyer

Blue Water

Ocean City, Maryland, United States
Category Company
Founded 2002
Sector Leisure
DESCRIPTION

Blue Water specializes in investing, developing, and managing RV resorts, campgrounds, hotels, and attractions. The company's integrated approach to marketing, revenue management, and operations has quickly established itself as a hospitality industry leader. With dozens of resort-area properties in East Coast states from Maine to Florida, and new additions out west in Texas, Montana, and Oregon, the Blue Water family is committed to creating elite assets, delivering exceptional guest experiences, and enhancing the communities served. Blue Water was formed in 2002 and is based in Ocean City, Maryland.

DEAL STATS #
Overall 1 of 2
Sector (Leisure) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (Virginia) 1 of 1
Country (United States) 1 of 2
Year (2022) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-12 Santee Lakes KOA Journey

Summerton, South Carolina, United States

Santee Lakes KOA Journey offers a blend of relaxation and convenience. Featuring 167 sites, the property is known for its lakeside views, camping options, and family-focused amenities. The park offers a variety of recreational activities, including fishing, paddle boating, biking, and nature trails, making it a popular destination for a scenic getaway. Santee Lakes KOA Journey is based in Summerton, South Carolina.

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