M&A Deal Summary

Vail Resorts Acquires Heavenly Mountain Resort

On May 9, 2002, Vail Resorts acquired leisure company Heavenly Mountain Resort

Acquisition Highlights
  • This is Vail Resorts’ 1st transaction in the Leisure sector.
  • This is Vail Resorts’ 1st transaction in the United States.
  • This is Vail Resorts’ 1st transaction in California.

M&A Deal Summary

Date 2002-05-09
Target Heavenly Mountain Resort
Sector Leisure
Buyer(s) Vail Resorts
Deal Type Add-on Acquisition

Target

Heavenly Mountain Resort

South Lake Tahoe, California, United States
website
Heavenly Mountain Resort is a privately held company operates as a mountain resort.

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Buyer(S) 1

Buyer

Vail Resorts

Broomfield, Colorado, United States

website


Category Company
Founded 1997
Sector Leisure
Employees7,100
Revenue 2.0B USD (2020)
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 1 of 9
Sector (Leisure) 1 of 9
Type (Add-on Acquisition) 1 of 6
State (California) 1 of 1
Country (United States) 1 of 7
Year (2002) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-11 Park City Mountain Resort

Park City, Utah, United States

Park City Mountain Resort is a provider of resort, ski, snowboard and recreation services.

Buy $183M