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Mirus advises Peak Resorts on acquisition of Alpine Valley ski resort

AlpineValley-PeakResorts

Wildwood, MO-based Peak Resorts Inc. has announced that it has purchased Alpine Valley Ski Area in Chesterland, Ohio. Mirus Resort Capital, an investment bank specializing in mergers and acquisitions for cold weather resorts, advised Peak Resorts on the transaction and participated in the negotiations.

Alpine Valley opened in 1962 and has two chairlifts and four surface lifts. “We feel the resort has been well maintained, and has a lot of potential,” Peak Resorts Vice President Jesse Boyd said in a statement. “We look forward to the close integration of the resort with Boston Mills and Brandywine resorts, which are also located in the Cleveland area.”

Peak Resorts operates 12 other winter resorts in six states, including three resorts in Ohio. Led by Chairman, President and CEO Tim Boyd, Peak Resorts reported 2011 revenue of $97.6 million, up 9 percent from its 2010 revenue.

About Mirus Resort Capital:

Mirus Resort Capital provides investment banking solutions to corporate clients in the hospitality industry, specializing in cold weather resorts and ski areas, golf resorts, equipment manufacturing, and tour operations. Since 1987, Mirus has provided corporate finance advisory services on engagements including mergers, acquisitions, divestitures, recapitalizations and valuations. For additional information, visit www.mirusresortcapital.com.

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