Blue Mountain Resorts sale wins PCMA's private M&A Deal of the Year
Crosbie & Co Inc and Blue Mountain Resorts Ltd have won the private merger and acquisition Deal of the Year at the 4th annual conference of the Private Capital Markets Association (PCMA). Crosbie advised on the sale of a 50 percent interest in Blue Mountain, an Ontario ski and mountain adventure resort that was originally founded by the Weider family. Intrawest Resorts Holdings Inc, which already held a stake in the company, acquired the remaining interest in September 2014 for $58 million. With principal Canadian offices in Vancouver and Banff, Intrawest is a portfolio investment of U.S. private equity firm Fortress Investment Group.
25 May 2015•9 mins read
