M&A Deal Summary

Vail Resorts Acquires Whistler Blackcomb

On August 8, 2016, Vail Resorts acquired leisure company Whistler Blackcomb from KSL Capital Partners for 1M USD

Acquisition Highlights
  • This is Vail Resorts’ 5th transaction in the Leisure sector.
  • This is Vail Resorts’ 7th largest (disclosed) transaction.
  • This is Vail Resorts’ 4th transaction in the United States.
  • This is Vail Resorts’ 1st transaction in Colorado.

M&A Deal Summary

Date 2016-08-08
Target Whistler Blackcomb
Sector Leisure
Buyer(s) Vail Resorts
Sellers(s) KSL Capital Partners
Deal Type Add-on Acquisition
Deal Value 1M USD
Advisor(s) Greenhill & Co. (Financial)
Osler
Farris (Legal)

Target

Whistler Blackcomb

Broomfield, Colorado, United States
Whistler Blackcomb is a four season mountain resort business. Whistler Blackcomb offers a variety of activities, including hiking and biking trails, the Whistler mountain bike park, and sightseeing on the PEAK 2 PEAK Gondola. Whistler Blackcomb was founded in 1966 and is based in Broomfield, Colorado.

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Buyer(S) 1

Buyer

Vail Resorts

Broomfield, Colorado, United States

Category Company
Founded 1962
Sector Leisure
Employees7,600
Revenue 2.9B USD (2024)
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 5 of 11
Sector: Leisure M&A 5 of 11
Type: Add-on Acquisition M&A Deals 4 of 8
State: Colorado M&A 1 of 1
Country: United States M&A 4 of 8
Year: 2016 M&A 2 of 2
Size (of disclosed) 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-19 Wilmot Mountain

Wilmot, Wisconsin, United States

Wilmot Mountain, Inc. is a lifestyle and mountain sports company.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-21 Mt. Mansfield Co.

Stowe, Vermont, United States

Mt. Mansfield Co., Inc. (Stowe Mountain Resort) is a premier, high-end resort for skiers and snowboarders on the East Coast.

Buy $50M

Seller(S) 1

SELLER

KSL Capital Partners

Denver, Colorado, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 23.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

KSL Capital Partners is a specialist private equity firm that makes investments in travel and leisure businesses. Areas of interest include hospitality, recreation, clubs, real estate and travel services. KSL is a hands-on investor, with a strong interest in pursuing under-managed or under-capitalized businesses where the firm can unlock hidden value. KSL Capital Partners is the successor investment vehicle to KSL Recreation Corporation, a former portfolio company of KKR. KSL Capital Partners was founded in 2005 and is based at Denver, Colorado with additional offices in New York, New York and London, United Kingdom.


DEAL STATS #
Overall 16 of 29
Sector: Leisure M&A 16 of 28
Type: Add-on Acquisition M&A Deals 12 of 20
State: Colorado M&A 1 of 1
Country: United States M&A 13 of 24
Year: 2016 M&A 1 of 1
Size (of disclosed) 8 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-12 Kalahari Resorts & Conventions

Pocono Manor, Pennsylvania, United States

Kalahari Resorts & Conventions is a private developer, owner and manager of African-themed indoor waterpark resorts. The Wisconsin Dells resort includes 756 rooms, a 125,000 square foot indoor waterpark, a 77,000 square foot outdoor waterpark, a 100,000 square foot convention center, a 110,000 square foot indoor theme park and five restaurants. The Sandusky resort includes 173,000 square feet of indoor waterpark space, 77,000 square feet of outdoor waterpark space, a 215,000 square foot convention center, a 115,000 square foot Safari Outdoor Adventure Park. Kalahari Resorts & Conventions was founded in 2000 and is based in Pocono Manor, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-08 Outrigger Hotels Hawaii

Honolulu, Hawaii, United States

Outrigger Hotels and Resorts is a hospitality company with corporate offices in Hawaii and operating globally in the Asia-Pacific, Oceania and Indian Ocean regions. Outrigger Hotels Hawaii was founded in 1947 and is based in Honolulu, Hawaii.

Buy -