Bear Mountain Looking For A Buyer?

Thu 20 June 13

If you ever fancied owning you own resort and snowboard park then Bear Mountain is open for offers!

Bear Mountain Looking For A Buyer?

Bear Mountain Looking For A Buyer? © Bear Mountain

The Snow Summit Ski Corporation Board of Directors has retained Houlihan Lokey (H.L.), an international investment banking firm, to market the company with the possibility of selling it to one of a number of interested buyers. H.L. will contact various potential buyers, both within and beyond the ski resort industry, informing them of Snow Summit's attractiveness as an acquisition.
 
 
 
The corporation owns and operates Snow Summit and Bear Mountain, two mid-sized ski resorts in Big Bear Lake, California. It is the leading ski resort company in Southern California with average annual skier visits of a little over 700,000.
 
Last year Snow Summit celebrated its 60th Anniversary. The Snow Summit Board anticipates that if an offer of sufficient merit is received, it will be presented to all the shareholders for a vote of approval or rejection.
 
This process is likely to take several months, if not longer, and a sale will not necessarily occur. Richard Kun, President and CEO of the company stated, “Confidentiality is a necessary part of this process, so, at least for now, Snow Summit management and Directors will not be able to answer questions that go beyond what has been stated in this release. Thank you for your understanding.”
 
If you want to see more of Big Bear check out the website!

Next Story

Ohau Plans Second Peak Chairlift!

Ohau Plans Second Peak Chairlift!

Fri 21 June 13, Ohau, New Zealand

Its as good a time as any to update everyone with details of our plans to install the SECOND PEAK CHAIRLIFT. Thats right you have read correctly!

Whistler Announces Two New Lifts!

Whistler Announces Two New Lifts!

Sat 22 June 13, Whistler/Blackcomb, Canada

WHISTLER BLACKCOMB ANNOUNCES MAJOR $18 MILLION CAPITAL EXPANSION FOR 201314 SEASON!

Three New Chairlifts in Are Sweden!

Three New Chairlifts in Are Sweden!

Sat 22 June 13, Are, Sweden

WITH ONE OF THE MOST SIGNIFICANT INVESTMENTS IN LIFTS EVER MADE IN ÅRE, NEXT SEASON WILL SEE THE ADDITION OF NO LESS THAN THREE MODERN CHAIRLIFTS!

Alyeska Resort to install new lift in 2013

Alyeska Resort to install new lift in 2013

Sat 22 June 13, Alyeska, USA

After capping off a successful 2012/13 ski season, Alyeska Resort is excited to announce the replacement of the existing Chair 6 with the installation of a new high-speed detachable quad.

The Remarkables Opens With Perfect Conditions!

The Remarkables Opens With Perfect Conditions!

Sat 22 June 13, The Remarkables, New Zealand

The Remarkables ski area kicked off its ski season today with well over a metre of snow on its slopes and all chairlifts open and operating.

Bear Mountain, USA

Snowboard Guide rating 7 out of 10 “Okay slopes and one massive park, but dull off”

Advertisement