Vail Resorts is about to get even more Epic. It was announced today that Vail Resorts intends to acquire 100% of the outstanding stock of Peak Resorts, Inc. While the transaction is pending shareholder approval and regulatory review, once finalized Vail will acquire 17 additional U.S. ski areas. Many of these ski areas are near major metropolitan areas. The resorts to be acquired include:
- Paoli Peaks in Indiana
- Hidden Valley and Snow Creek in Missouri
- Attitash Mountain Resort, Wildcat Mountain and Crotched Mountain in New Hampshire
- Hunter Mountain in New York
- Alpine Valley, Boston Mills, Brandywine and Mad River Mountain in Ohio
- Liberty Mountain Resort, Roundtop Mountain Resort, Whitetail Resort, Jack Frost and Big Boulder in Pennsylvania
- Mount Snow in Vermont
“We are incredibly excited to have the opportunity to add such a powerful network of ski areas to our Company,” said Rob Katz, chairman and CEO of Vail Resorts. The addition of these Northeast ski areas is a great addition to the Epic Pass. “The acquisition fully embodies our philosophy of Epic for Everyone”. While this acquisition will make skiing and riding more accessible to guests across the U.S., it aligns with Vail’s mission.
With a purchase price of $11.00 per share, the estimated purchase price for all Peak Resorts common stock is approximately $264 million. Vail Resorts will also be assuming or refinancing Peak Resorts’ outstanding debts. While the transaction is expected to close this fall, it’s expected that it will be business as usual for the newly acquired Peak Resorts. Vail Resorts intends to retain the majority of each resort’s employees.
Read more about this exciting news, including transaction details and pass access details here: Vail Resorts to Acquire Peak Resorts, Owner of 17 U.S. Ski Areas
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