Prospect Mountain Campground

A cabin sits on a lake at Prospect Mountain Campground. Credit: Blue Water

Yogi Singh, Stewart Garland and Pushkal Basavaraj continue to show their appetite for campgrounds and nuts, according to Richmond BizSense.

The trio, through their firms, National Land Lease Capital and AgCold, have made two additions to their business this summer.

Last month, in the foothills of western Massachusetts, they purchased Prospect Mountain Camping Resort for around $8 million.

Closer to home in Suffolk, they netted a large new customer for their cold storage operation.

The Prospect Mountain deal is the tenth campground and RV park the group has purchased in recent years and is the farthest north they’ve traveled for an acquisition to date.

“It provides for a good beachhead in that geography,” said Singh.

Located in Granville, Mass., near the Berkshires mountain region, Prospect Mountain campground is 140 acres and houses 240 camping sites, ponds, a swimming pool and other amenities.

Singh said the campground has been in business since 1947, always owned by families.

“This was a family that had owned this property for over 10 years and found itself in the age-old situation of determining what’s next and determining whether or not succession was part of the equation or a sale made sense,” Singh said of the sellers.

It’s NLLC’s first campground acquisition in 2022, marking a slightly slower pace for the company than in recent years. Singh said that’s due in part to the economy and rising interest rates.

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