STEAMBOAT SPRINGS — Steamboat Ski Resort has embarked on a new chapter in its 54-year history, with the news Monday morning that Intrawest Resorts Holdings, Inc., has been acquired by ski resorts operator Aspen Skiing Co. LLC and private equity firm KSL Capital Partners LLC for about $1.5 billion, including debt. Both Aspen and KSL are committed to helping Intrawest accelerate our plans to bring more value to our guests, more opportunities for our employees and more investment into our local communities.”

Under the terms of the merger agreement, Intrawest stockholders will receive $23.75 in cash for each share of Intrawest common stock, representing a total valuation of approximately $1.5 billion including debt obligations to be assumed or refinanced net of cash at closing. Intrawest, the parent company that owns Stratton Mountain Resort, announced Monday morning that it has entered into a “definitive agreement” to be acquired by Aspen Skiing Company and KSL Partners.
Aspen Skiing Company and KSL Capital Partners agree to acquire Intrawest for $1.5 billion.