M&A Deal Summary

Alterra Acquires CMH Purcell

On August 30, 2021, Alterra acquired leisure company CMH Purcell

Acquisition Highlights
  • This is Alterra’s 2nd transaction in the Leisure sector.
  • This is Alterra’s 1st transaction in Canada.
  • This is Alterra’s 1st transaction in British Columbia.

M&A Deal Summary

Date 2021-08-30
Target CMH Purcell
Sector Leisure
Buyer(s) Alterra
Deal Type Add-on Acquisition

Target

CMH Purcell

Golden, British Columbia, Canada
CMH Purcell is a provider of heli-skiing which includes a 13-acre lot with a day lodge and heliport, and a tenure license for 495,000 acres of wide-open glaciers, high alpine bowls, and gladed subalpine forest in Golden, British Columbia, adjacent to CMH’s current Bobbie Burns tenure. CMH Purcell is based in Golden, British Columbia.

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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 2 of 5
Sector: Leisure M&A 2 of 5
Type: Add-on Acquisition M&A Deals 2 of 4
State: British Columbia M&A 1 of 2
Country: Canada M&A 1 of 2
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-13 Sugarbush Resort

Warren, Vermont, United States

Sugarbush Resort is a year-round mountain destination located in the scenic Mad River Valley of Vermont with two distinct mountains - Mt. Ellen and Lincoln Peak - that are joined by a two-mile high-speed quad. Sugarbush also has a fully appointed health and recreation club, multiple lodging properties, and the Sugarbush Resort Golf Club with an 18-hole Robert Trent Jones Sr.-designed golf course. It is also a popular destination for weddings and conferences.

Buy -
FOLLOWING 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 -