Snow Summit Explores Possible Sale
SAM Magazine—Big Bear Lake, Calif., June 20, 2013—The Snow Summit Ski Corporation board of directors has retained Houlihan Lokey (HL), an international investment banking firm, to market the company, with the possibility of selling it to one of a number of interested buyers. HL will be contacting various potential buyers as part of this process.
The corporation owns and operates both Snow Summit and Bear Mountain, which average more than 700,000 visits annually.
The process is likely to take several months, if not longer, and a sale may not occur.
Richard Kun, president and CEO of the company, stated, “Confidentiality is a necessary part of this process, so, at least for now, Snow Summit management and directors will not be able to answer questions that go beyond what has been stated in this release. Thank you for your understanding.”