SAM Magazine—Sutton, Que., Feb. 26, 2016—Ten years after the Boulanger family put Mont Sutton, Que., up for sale, an offer to purchase the resort by a group of local investors was approved by the family in late January. In a bit of a dramatic twist, another investment group swooped in yesterday and made public an offer that exceeds the original group's number—apparently by quite a bit.

The group that originally had the deal done to purchase Ski Sutton Inc., the company that owns Mont Sutton ski area, from the Boulangers—who are the resort's founders and majority stakeholders—includes current Sutton GM Jean-Michel Ryan. Reportedly, the offer amounted to $4.3 million—$2.8 million for the resort and its equipment, and $1.5 million for the repayment of debt. The deal is to be voted on at a meeting of minority stakeholders scheduled to take place on March 8.

Then, on Feb. 25, a trio of investors, including brothers Philippe and Daniel Thirion and Louis Beauregard, submitted an offer totaling $7 million to purchase the company. “We hope it will be well received. The ball is in their court,” said Phillippe Thirion. The group said it has not had any discussions with the Boulangers about the offer.

This is not the first time Beauregard has expressed interest in Mont Sutton. According to reports, he and his brother Alex took steps to acquire the company in 2012, but the transaction fell through, and this past fall they took legal action in relation to the deal.

Both groups promise capital investments to the ski resort, with the Ryan group outlining snowmaking improvements, new groomers, and infrastructure upgrades.

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