M&A Deal Summary

Vail Resorts Acquires Park City Mountain Resort

On September 11, 2014, Vail Resorts acquired leisure company Park City Mountain Resort from Powdr for 183M USD

Acquisition Highlights
  • This is Vail Resorts’ 2nd transaction in the Leisure sector.
  • This is Vail Resorts’ 2nd largest (disclosed) transaction.
  • This is Vail Resorts’ 2nd transaction in the United States.
  • This is Vail Resorts’ 1st transaction in Utah.

M&A Deal Summary
Date 2014-09-11
Target Park City Mountain Resort
Sector Leisure
Buyer(s) Vail Resorts
Sellers(s) Powdr
Deal Type Divestiture
Deal Value 183M USD

Target

Park City Mountain Resort

Park City, Utah, United States
website
Park City Mountain Resort is a provider of resort, ski, snowboard and recreation services.

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Buyer(S) 1

Buyer

Vail Resorts

Broomfield, Colorado, United States

website

Category Company
Founded 1997
Sector Leisure
Employees7,100
Revenue 2.0B USD (2020)
DESCRIPTION
Entrance to Vail Resorts' corporate headquarters in Broomfield, Colorado.
Entrance to Vail Resorts' corporate headquarters in Broomfield, Colorado.

Vail Resorts is a mountain resort operator. The Company's subsidiaries operate 10 world-class mountain resorts and two urban ski areas, including Vail, Beaver Creek, Breckenridge and Keystone in Colorado; Canyons and Park City in Utah; Heavenly, Northstar and Kirkwood in the Lake Tahoe area of California and Nevada; Perisher, Australia; and Afton Alps in Minnesota and Mt. Brighton in Michigan. Vail Resorts was founded in 1997 and is based in Broomfield, Colorado.

DEAL STATS #
Overall 2 of 9
Sector (Leisure) 2 of 9
Type (Divestiture) 1 of 3
State (Utah) 1 of 1
Country (United States) 2 of 7
Year (2014) 1 of 1
Size (of disclosed) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-05-09 Heavenly Mountain Resort

South Lake Tahoe, California, United States

Heavenly Mountain Resort is a privately held company operates as a mountain resort.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-30 Perisher Blue Pty

Perisher Valley, Australia

Perisher Blue Pty Ltd. (dba Perisher Ski Resort) is a provider of ski resort in Australia, and is well-positioned with access to the country's largest cities, including Sydney, Melbourne, Adelaide, Canberra and Brisbane.

Buy AU$176M

Seller(S) 1

SELLER

Powdr

Park City, Utah, United States

website

Category Company
Founded 1984
Sector Leisure
DESCRIPTION

Powdr Corp. is a lifestyle and mountain sports company. Powdr owns and operates nine mountain resorts located across the country, Woodward action sports camps and progression centers, a national television network dedicated to the active lifestyle.

DEAL STATS #
Overall 1 of 1
Sector (Leisure) 1 of 1
Type (Divestiture) 1 of 1
State (Utah) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-24 Human Movement Management

Louisville, Colorado, United States

Human Movement Management is an active entertainment and event production company that produces world-class mass participatory running races, festivals, triathlons, obstacle races, and outdoor events.

Buy -
Mergr

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