BRIDGETOWN, Barbados, June 5, 2014 /PRNewswire/ -- BG Capital Group has acquired Wild Waters, Ocala, Florida's largest water park, announced Board Chairman, Bobby Genovese, and Silver Springs Management President and CEO, Arden Tilghman.
Silver Springs Management, LLC (SSM) was purchased by BG Capital Group last year as part of a three-year deal with the Florida Department of Environmental Protection (DEP) to assume concessionaire management of the park, which reopened October 1, 2013.
"I saw an incredible opportunity to reunite the Ocala-Marion County community with what made Silver Springs famous: its water," says Genovese, and the same is true of Wild Waters. "Both parks are phenomenal resources that need and deserve to be protected and shared with nature-loving travelers."
Bringing Wild Waters back to its original glory is going to be a slow process, which is why we felt it vital to the community that we keep the park open during the renovation so that residents can use the sections of the park that are on line, explained Tilghman. After careful review and planning with the DEP, SSM began renovations and staffing for the park's June reopening. "We couldn't be happier to be taking on this project. Wild Waters is such an important property in the community, and we look forward to restoring its significance in the coming months."
When complete, the new park with feature the return of its most popular rides — Alligator Ambush, Hurricane, Silver River Rides and Silver Bullet — and its Wave Pool, Cool Kids Cove, Tad Pool, cabana rentals, food and beverage options, merchandise concessions, and family-friendly spaces to host special events and birthday parties.
"Reclamation of this park is a victory and a celebration for the community that gathered in a unified voice to save Wild Waters," said Tilghman. "Not only is this a win for the people but it is a win for the economic welfare of this community. SSM is working hard with the DEP to ensure the community receives a flourishing, safe, high-quality park."
The Wild Waters acquisition signals BG Capital Group's expanding investment in and restoration efforts of key Marion County landmarks, which is also home to Genovese's 100-acre BG Equestrian Resort developed and launched in 2012. Other key acquisitions made by Genovese's BG Capital Group include the 12,000-square-foot Cowboy Saloon, Ocala, Florida's most sophisticated and largest night club and gathering spot with three venues housed within a massive 25,000 square-foot entertainment; 11 East, Ocala's most sophisticated cocktail lounge and gathering spot; and the newly-created Ocala Polo Club located in the Florida Horse Park, which will feature polo lessons and polo teams.
"We are thrilled to be a major force in this extraordinary community, which is the perfect complement to our hospitality and philanthropic interests and to making a contribution in restoring one of the most beautiful regions in north central Florida," said Genovese. "It is an honor and a privilege to give these one-of-a-kind landmarks new life."
For more information about the park, visit www.silversprings.com.
About BG Capital Group
With more than 25 years of experience in mergers and acquisition, Bobby Genovese's portfolio of companies now hold assets of over $200 million and generate revenues in excess of $150 million. BG Capital Group Limited and BG Capital Management Corporation are both based in Barbados with associate management offices in the Bahamas, Fort Lauderdale and Boca Raton, Florida, Los Angeles, Toronto and Vancouver. In 2012 Genovese developed and launched BG Signature Properties, a portfolio of 12 exclusive luxury retreats in the US, Canada, Europe, South America and Bahamas, including its flagship property, BG Equestrian Resort in Ocala, Florida, a 100-acre, year-round luxury equestrian retreat featuring world-class stables and lodging for traveling horse enthusiasts.
SOURCE BG Capital Group