M&A Quarterly News In The Hospitality and Leisure Industry Sector
By David Hulett | Oct 28, 2019The report below gives a good overview of the fourth quarter M&A activity in the Hospitality and Leisure Industry Sector. M&A activity for North American based target companies in the Wholesale and Distribution sector for Q3 2019 included 75 closed deals, according to data published by industry data tracker FactSet.
One of the notable middle market transactions in the sector was announced in July when Vail Resorts, Inc. acquired Peak Resorts, Inc. for US$167.5 million in cash. Vail Resorts is a holding company that engages in the operation of mountain resorts. Peak Resorts engages in resort operations. It offers activities, services and amenities including skiing, snowboarding, terrain parks, tubing, dining, lodging, equipment rentals and sales, ski and snowboard instruction and mountain biking. The company was founded in 1997 and is headquartered in Wildwood, MO.