In recent weeks, the ski world has been rocked by a number of acquisitions: Vail bought Stowe, and then Aspen and KSL Capital Partners formed a partnership that led to the purchase of Intrawest resorts, followed by Mammoth, June, Bear, and Snow Summit. Consolidations are nothing new, though they seem to be getting more and more common. Let’s take a look at the biggest, so you understand who owns what (keep in mind, though, that things could change any moment):
Last week the ski world reverberated with the news that Vail was entering into an agreement to buy Whistler Backcomb, arguably the crown jewel of Canadian ski resorts, and one of the best and largest in the world. This is anything but small potatoes. Vail is spending $1.1 billion for the acquisition, or $1.4 billion Canadian.