Mount Snow acquired by American Skiing Company

LBO Enterprises and American Skiing Company (ASC) have acquired Mount Snow, and the affiliated Haystack Mountain Ski Area in Vermont from S-K-I Ltd. Mike Krongel advised LBO Enterprises on the transaction. Mount Snow is a ski area in southern Vermont located in the Green Mountains. It is Vermont’s closest big mountain to many Northeast metropolitan areas. In 1986, the Carinthia ski area was purchased and connected to the Mount Snow trails. Five years later, nearby Haystack Mountain Ski Area was purchased and subsequently marketed as being part of Mount Snow.

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.