Waterville Valley has been acquired by LBO Enterprises/American Skiing Company
LBO Resort Enterprises has purchased S-K-I Ltd., owner of Waterville Valley, Killington, Mount Snow, Haystack, and Sugarloaf USA for $137 million. Terms of the deal include a settlement with the U.S. Department of Justice, which ruled that the company (since renamed as American Skiing Company) must sell its New Hampshire resorts at Waterville Valley and Mount Cranmore in order to preserve competition in New England. Mike Krongel advised the management and shareholders of LBO on the transaction.
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.Back to Transactions