In March 2007, the business was acquired in a highly leveraged buy-out backed by GI Partners for £440 million. In the same year, the three founding directors left the business and Martin Grant joined from Roadchef as Chief Executive and a further three sites were acquired this year, with a number of GB Holiday Parks sites upgraded as well. In April 2008, GI injected £15 million capital into the Parks Resorts business. In December 2008, in increasingly difficult trading conditions, GI reinstated the original three directors, with David Vaughan resuming as chief executive. By 2009, the financial position had improved.