The future of more than 200 jobs across nine holiday parks in Cumbria and Lancashire have been secured.
Staff have been told there will be no job cuts
South Lakeland Parks, which provides holiday homes for sale or hire, has been bought by privately-owned White Ocean Leisure in a deal worth £125m.
The new owner has told staff and management their jobs are safe.
Graham Hodgson, chief executive of South Lakeland Parks, said: “This will result in more jobs and bring more visitors to the area."
The existing shareholders only bought the company 17 months ago for £95m.
Bruce Casely, director of White Ocean Leisure, said: “The holiday park market has extremely attractive characteristics and South Lakeland Parks are a well established, high quality business with a respected management team.”