SAM Magazine—Sutton, Que., March 9, 2016—The sale and purchase of Mont Sutton Ski Area is now complete. Today, the Superior court has confirmed the acquisition of Ski Sutton Inc. by Jean-Michel Ryan, Pierre Chesnay and Sylvain Gervais for C$7.5 million. This amount includes the purchase of all Ski Sutton Inc. shares, the debt and other entities related to the Boulanger family.

During a Ski Sutton Inc. shareholders meeting Tuesday, 97 percent of those in attendance voted to approve an offer by a group of local investors to purchase the company, which includes Mont Sutton Ski Area.

The ski area was founded by the Boulanger family in 1960, and they have been majority stakeholders ever since. “[We] appreciate the confidence and trust marked from the Boulanger family and from all the shareholders, who have recognized the quality of our offer and accepted it. We would like to thank all of those who supported us throughout the process,” Ryan said.

“Since we concluded the agreement with Ryan's group on Jan. 26, 2016, we never stopped believing that this offer is the best for the future and the development of the mountain,” said Hercule Boulanger. “The offer meets all of our wishes for the mountain. It respects the community, the employees, the shareholders, and the customers of Mont Sutton. We are happy to leave the mountain to this group.”

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