Mirus Capital AdvisorsMirus Capital Advisors

Mirus Advises Hunter Mountain in Sale to Peak Resorts

Hunter_tombstone

Mirus Capital Advisors announced that Hunter Mountain, a premier New York ski area and one of  the Catskills’ premier winter resort destinations, has been acquired by Peak Resorts, Inc. (NASDAQ:SKIS) for $36.8 million.  Mirus served as the exclusive financial advisor to Hunter Mountain. Peak Resorts is a leading owner and operator of high-quality, individually branded ski resorts in the U.S. and the acquisition of Hunter adds another premier cold weather resort to Peak’s existing portfolio of thirteen ski areas in the Northeast and Midwest. Mirus Resort Advisors, led by industry veteran Mike Krongel, was the exclusive financial advisor to Hunter Mountain on this transaction.

About Hunter Mountain

The Hunter Mountain resort includes three separate mountains catering to skiers and riders of all ability levels along with several terrain parks and an all-ages tubing park. Hunter Mountain has a base elevation of 1,600 ft., summit elevation of 3,200 ft. and a vertical drop of 1,600 ft. There are 240 skiable acres with 58 trails and 12 lifts. Hunter Mountain offers a variety of summer outdoor activities including a zipline with views of the Catskill Mountains. The resort also hosts festivals and concerts throughout the warmer months.

About Peak Resorts

Headquartered in Missouri, Peak Resorts is a leading owner and operator of high-quality, individually branded ski resorts in the U.S. The company currently operates 13 ski resorts primarily located in the Northeast and Midwest, 12 of which are company owned. The resorts under the company’s umbrella offer a breadth of activities, services and amenities, including skiing, snowboarding, terrain parks, tubing, dining, lodging, equipment rentals and sales, ski and snowboard instruction and mountain biking and other summer activities.

Back to Transactions