Add-on Acquisition • Leisure

Alterra Acquires Mike Wiegele Helicopter Skiing

On April 25, 2024, Alterra acquired leisure company Mike Wiegele Helicopter Skiing

Acquisition Context
  • This is Alterra’s 5th transaction in the Leisure sector.
  • This is Alterra’s 2nd transaction in Canada.
  • This is Alterra’s 2nd transaction in British Columbia.

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M&A Deal Summary

Date April 25, 2024
Target Mike Wiegele Helicopter Skiing
Sector Leisure
Buyer(s) Alterra
Deal Type Add-on Acquisition

Target Company

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.
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Buyer Overview 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 Context for Buyer #
Overall 5 of 5
Sector: Leisure 5 of 5
Type: Add-on Acquisition 4 of 4
State: British Columbia 2 of 2
Country: Canada 2 of 2
Year: 2024 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-05 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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