IE Business Daily Business news for the Inland Empire.
Mammoth Resorts, which operates four of California’s most best-known ski resorts, has agreed to be purchased.
Aspen Skiing Co. and KSL Capital Partners, a Denver-based private equity firm, will buy Mammoth Resorts for an undisclosed sum, according to multiple reports.
Terms of the deal are expected to be completed this fall.
Two years ago, Mammoth Resorts assumed control of Bear Mountain and Snow Summit in the San Bernardino Mountains. The company also operates Mammoth Mountain and June Mountain in the Eastern Sierra.
Those four destinations attract about two million people a year.
The new partnership will operate a dozen resorts – Mammoth Mountain will be its largest – that attract an estimated seven million patrons a year. a year, according to reports.
