M&A Deal Summary

Alterra Mountain Acquires Arapahoe Basin

On February 5, 2024, Alterra Mountain acquired leisure company Arapahoe Basin from Dream

Acquisition Highlights
  • This is Alterra Mountain’s 4th transaction in the Leisure sector.
  • This is Alterra Mountain’s 3rd transaction in the United States.
  • This is Alterra Mountain’s 1st transaction in Colorado.

M&A Deal Summary
Date 2024-02-05
Target Arapahoe Basin
Sector Leisure
Buyer(s) Alterra Mountain
Sellers(s) Dream
Deal Type Divestiture

Target

Arapahoe Basin

Dillon, Colorado, United States
Arapahoe Basin hosts the longest ski and ride season ski with a laid-back culture and vibe. Arapahoe Basin also hosts unique events, some of Colorado’s most adventurous terrain, and gourmet culinary experiences throughout the season. Arapahoe Basin was founded in 1946 and is based in Dillon, Colorado.

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Buyer(S) 1

Buyer

Alterra Mountain

Denver, Colorado, United States
Category Company
Sector Leisure
DESCRIPTION

Alterra Mountain Co. is a family of 14 iconic year-round destinations, including the world’s largest, heli-ski operation, offering the Ikon Pass, the new standard in season passes. Alterra Mountain Co. owns and operates a range of recreation, hospitality, real estate development, food and beverage, retail and service businesses. Headquartered in Denver, Colorado, with destinations across the continent, Alterra Mountain Company is rooted in the spirit of the mountains and united by a passion for outdoor adventure.

DEAL STATS #
Overall 4 of 5
Sector (Leisure) 4 of 5
Type (Divestiture) 1 of 1
State (Colorado) 1 of 1
Country (United States) 3 of 3
Year (2024) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-01 Schweitzer

Sandpoint, Idaho, United States

Schweitzer is a largest ski area destination offers 2,900 acres of big mountain terrain with stunning views of Lake Pend Oreille, Washington, Montana, and Canada. Schweitzer is based in Sandpoint, Idaho.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-25 Mike Wiegele Helicopter Skiing

Blue River, British Columbia, Canada

Mike Wiegele Helicopter Skiing offers skiing and boarding services within every resort department. Mike Wiegele Helicopter Skiing is based in Blue River, British Columbia.

Buy -

Seller(S) 1

SELLER

Dream

Toronto, Ontario, Canada
Category Company
Sector Real Estate
Revenue 387M CAD (2023)
DESCRIPTION

Dream is a developer of exceptional office and residential assets and owns stabilized income-generating assets in both Canada and the U.S. Dream was incorporated in 1996 and is headquartered in Toronto, Ontario.

DEAL STATS #
Overall 1 of 1
Sector (Leisure) 1 of 1
Type (Divestiture) 1 of 1
State (Colorado) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
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