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M&A Deal Summary

Alterra Acquires Arapahoe Basin

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

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

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

Denver, Colorado, United States
Category Company
Founded 1976
Sector Leisure
Employees2,900
Revenue 587M USD (2015)
DESCRIPTION
Entrance to Intrawest's corporate headquarters in downtown Dever, Colorado.
Entrance to Intrawest's corporate headquarters in downtown Dever, Colorado.

Alterra is a mountain resort and adventure company that delivers vacation and travel experiences. Intrawest owns interests in seven four-season mountain resorts geographically diversified across North America’s major ski regions with more than 11,000 skiable acres and over 1,140 acres of land available for real estate development. Intrawest also operates an adventure travel business, a heli-skiing adventure company in North America that provides helicopter accessed skiing, mountaineering, and hiking. Alterra was founded in 1976 and is based in Denver, Colorado.

DEAL STATS #
Overall 4 of 5
Sector: Leisure M&A 4 of 5
Type: Divestiture M&A Deals 1 of 1
State: Colorado M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2024 M&A 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
Founded 1996
Sector Real Estate
Revenue 625M CAD (2024)
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 M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Colorado M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2024 M&A 1 of 1
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