Argyll Holidays, which owns eight holiday parks across Argyll and Bute, will be the fifth acquisition by Cove UK.
Owned by the Campbell family, who started out as sheep farmers, Argyll was established in 1967 with the development of its flagship park, Drimsynie Estate.
Since then, it has grown to a group of eight holiday parks in and around the Loch Lomond and Trossachs region.
Cove UK has pledged to source at least 20% of produce locally, build local partnerships and actively engage in community initiatives.
Cove Communities is continuing its UK expansion with more investment under Cove UK.
The first purchase was the 300 acre site in Selsey, Bunn Leisure Family Resort, and it recently bought Medmerry Park, near Chichester, which adds to its previous acquisitions of Gwel an Mor in Cornwall and Kings Park in Essex.
Mark Seaton, Cove UK's managing director, said: “Argyll Holidays represents everything that Cove looks for: stunning properties, beautiful and unique locations, and an aspirational lifestyle offering.
“We are delighted to add Argyll to our portfolio and will continue the exceptional work that the Campbell family has started.
“Most importantly we will grow and develop the vision of Argyll under Cove, through sustainable business practices, a commitment to environmental conservation and investment in people and the local community.”
Keith Campbell, director of Argyll Holidays, said: “While we have been approached over the years by different buyers, Cove was the first company that we felt understood what we stand for and could continue what we started.
“Cove is the ideal custodian of Argyll Holidays, sharing as we do, the same missions and values and commitment to the preservation and investment in the destinations we own.”
Don't miss the latest headlines with our twice-daily newsletter - sign up here for free.
