Peak Resorts
Encyclopedia
Peak Resorts is a privately owned Missouri-company that operates ski resort
s in the Midwest and Northeast United States.
The company was founded in 1977 by Tim Boyd, two years after graduating the University of Missouri
when he bought the Wildwood Golf Course in the suburban St. Louis, Missouri
community of Wildwood, Missouri
for $250,000 with owner financing. In 1982 he added a ski resort (that would become Hidden Valley Ski Area
). Shortly thereafter he opened a ski-resort in suburban Kansas City, Missouri
at Weston, Missouri
(Snow Creek Ski Resort).
The company continued to expand owning Paoli Peaks in Paoli, Indiana
; Boston Mills and Brandywine in Peninsula, Ohio
. In 2002 it expanded with Crotched Mountain in Bennington, New Hampshire
. In addition it has long term leases on Jack Frost and Big Boulder ski areas in Blakeslee, Pennsylvania in the Poconos as well as Mad River Mountain
in Valley Hi, Ohio
.
In 2007, the company nearly tripled its revenue with the acquisition of Mount Snow
in Vermont and Attitash
in New Hampshire
from the financially troubled American Skiing (which was owned by Oak Hill Capital Partners, a private equity company). The acquisition increased Peak Resorts ski visitors from 1 million to 1.7 million and revenue of $85 million.
On October 21, 2010, the company announced it had entered into a purchase and sale agreement for Wildcat Mountain Ski Area
, its third New Hampshire holding.
The company is planning a December 2011 intial public offering, planning to raise $85 million by offering 5 million shares at a price range of $16 to $18.
East
Midwest
Ski resort
A ski resort is a resort developed for skiing and other winter sports. In Europe a ski resort is a town or village in a ski area - a mountainous area, where there are ski trails and supporting services such as hotels and other accommodation, restaurants, equipment rental and a ski lift system...
s in the Midwest and Northeast United States.
The company was founded in 1977 by Tim Boyd, two years after graduating the University of Missouri
University of Missouri
The University of Missouri System is a state university system providing centralized administration for four universities, a health care system, an extension program, five research and technology parks, and a publishing press. More than 64,000 students are currently enrolled at its four campuses...
when he bought the Wildwood Golf Course in the suburban St. Louis, Missouri
St. Louis, Missouri
St. Louis is an independent city on the eastern border of Missouri, United States. With a population of 319,294, it was the 58th-largest U.S. city at the 2010 U.S. Census. The Greater St...
community of Wildwood, Missouri
Wildwood, Missouri
Wildwood is a third-ring suburb of St. Louis, located in far western St. Louis County, Missouri, United States. As of the 2010 census, the population was 35,517....
for $250,000 with owner financing. In 1982 he added a ski resort (that would become Hidden Valley Ski Area
Hidden Valley Ski Area
Hidden Valley Ski Area is a ski resort in the St. Louis, Missouri suburb of Wildwood, Missouri.Tim Boyd bought the Wildwood Golf Course for $250,000 in 1977. In 1982 he converted the hills to a ski resort while maintaining the golf course...
). Shortly thereafter he opened a ski-resort in suburban Kansas City, Missouri
Kansas City, Missouri
Kansas City, Missouri is the largest city in the U.S. state of Missouri and is the anchor city of the Kansas City Metropolitan Area, the second largest metropolitan area in Missouri. It encompasses in parts of Jackson, Clay, Cass, and Platte counties...
at Weston, Missouri
Weston, Missouri
Weston is a city in Platte County, Missouri, United States. The population was 1,631 at the 2000 census.-History:Lewis and Clark Expedition camped out near the location of today's city hall...
(Snow Creek Ski Resort).
The company continued to expand owning Paoli Peaks in Paoli, Indiana
Paoli, Indiana
Paoli is a town in Paoli Township, Orange County, Indiana, United States. The population was 3,844 at the 2000 census. The town is the county seat of Orange County.-History:...
; Boston Mills and Brandywine in Peninsula, Ohio
Peninsula, Ohio
Peninsula is a village in Summit County, Ohio, United States. The population was 602 at the 2000 census. It is part of the Akron Metropolitan Statistical Area....
. In 2002 it expanded with Crotched Mountain in Bennington, New Hampshire
Bennington, New Hampshire
Bennington is a town in Hillsborough County, New Hampshire, United States. The population was 1,476 at the 2010 census.The main village of the town, where 381 people resided at the 2010 census, is defined as the Bennington census-designated place , and is located on the Contoocook River at the...
. In addition it has long term leases on Jack Frost and Big Boulder ski areas in Blakeslee, Pennsylvania in the Poconos as well as Mad River Mountain
Mad River Mountain
Mad River Mountain is a ski and snowboard resort in Valley Hi, Ohio, United States. The elevation of Mad River Mountain is with a vertical drop of , and it has a ski season that runs from December 1 through March 16...
in Valley Hi, Ohio
Valley Hi, Ohio
Valley Hi is a village in Logan County, Ohio, United States. The population was 244 at the 2000 census. The village is located nearby U.S. Route 33 and is about an hour northwest of Columbus....
.
In 2007, the company nearly tripled its revenue with the acquisition of Mount Snow
Mount Snow
Mount Snow is a mountain and ski area in southern Vermont located in the Green Mountains. It is Vermont's closest big mountain to many Northeast metropolitan areas. It was cohost of the first Extreme Games in 1995 and host of the Winter X-Games in 2000 and 2001...
in Vermont and Attitash
Attitash
For the lake in Amesbury and Merrimac, Massachusetts, see Lake Attitash.Attitash is a ski area located on U.S. Route 302 in Bartlett, New Hampshire near North Conway. It is operated by Peak Resorts. Located in the heart of the White Mountains, Attitash is home to two mountains, Attitash and Bear...
in New Hampshire
New Hampshire
New Hampshire is a state in the New England region of the northeastern United States of America. The state was named after the southern English county of Hampshire. It is bordered by Massachusetts to the south, Vermont to the west, Maine and the Atlantic Ocean to the east, and the Canadian...
from the financially troubled American Skiing (which was owned by Oak Hill Capital Partners, a private equity company). The acquisition increased Peak Resorts ski visitors from 1 million to 1.7 million and revenue of $85 million.
On October 21, 2010, the company announced it had entered into a purchase and sale agreement for Wildcat Mountain Ski Area
Wildcat Mountain Ski Area
Wildcat Mountain Ski Area is a ski area located on Wildcat Mountain near Jackson, New Hampshire in the Mount Washington Valley. Its vertical drop of is the second largest in New Hampshire and the ninth largest in New England....
, its third New Hampshire holding.
The company is planning a December 2011 intial public offering, planning to raise $85 million by offering 5 million shares at a price range of $16 to $18.
List of ski areas
Ski Resorts owned and/or operated by Peak Resorts:East
- AttitashAttitashFor the lake in Amesbury and Merrimac, Massachusetts, see Lake Attitash.Attitash is a ski area located on U.S. Route 302 in Bartlett, New Hampshire near North Conway. It is operated by Peak Resorts. Located in the heart of the White Mountains, Attitash is home to two mountains, Attitash and Bear...
, NH - Big Boulder, PA (operator only)
- Crotched Mountain, NH
- Jack FrostJack Frost Ski ResortThe Jack Frost Ski Resort which opened in 1972, is located in Blakeslee, Pennsylvania, part of the Pocono region. Operated by Peak Resorts, it offers 20 trails and a terrain park for skiing and snowboarding.-Terrain Parks:...
, PA (operator only) - Mount SnowMount SnowMount Snow is a mountain and ski area in southern Vermont located in the Green Mountains. It is Vermont's closest big mountain to many Northeast metropolitan areas. It was cohost of the first Extreme Games in 1995 and host of the Winter X-Games in 2000 and 2001...
, VT - Wildcat Mountain Ski AreaWildcat Mountain Ski AreaWildcat Mountain Ski Area is a ski area located on Wildcat Mountain near Jackson, New Hampshire in the Mount Washington Valley. Its vertical drop of is the second largest in New Hampshire and the ninth largest in New England....
, NH
Midwest
- Boston MillsBoston Mills/Brandywine Ski ResortBoston Mills/Brandywine Ski Resort is a pair of partner ski resorts, owned by Peak Resorts, in Northeastern Ohio. The two locations were developed independently in the 1960s. In 1990, Brandywine was purchased by the owners of Boston Mills, forming the dual-resort complex known today. In 2002 Peak...
, OH - BrandywineBoston Mills/Brandywine Ski ResortBoston Mills/Brandywine Ski Resort is a pair of partner ski resorts, owned by Peak Resorts, in Northeastern Ohio. The two locations were developed independently in the 1960s. In 1990, Brandywine was purchased by the owners of Boston Mills, forming the dual-resort complex known today. In 2002 Peak...
, OH - Hidden Valley Ski AreaHidden Valley Ski AreaHidden Valley Ski Area is a ski resort in the St. Louis, Missouri suburb of Wildwood, Missouri.Tim Boyd bought the Wildwood Golf Course for $250,000 in 1977. In 1982 he converted the hills to a ski resort while maintaining the golf course...
, MO - Mad River MountainMad River MountainMad River Mountain is a ski and snowboard resort in Valley Hi, Ohio, United States. The elevation of Mad River Mountain is with a vertical drop of , and it has a ski season that runs from December 1 through March 16...
, OH - Paoli PeaksPaoli PeaksPaoli Peaks is an alpine ski resort located in the western portion of Paoli, Indiana. Paoli Peaks is for skiers, snowboarders, snowbladers, and tubers ....
, IN - Snow CreekSnow CreekSnow Creek is a ski resort on the bluffs above the Missouri River just north of Kansas City, Missouri at Iatan, Missouri.Opening in 1985 it was the second resort to be developed in the Peak Resorts chain....
, MO
External links
- Peak Resorts - Official site
- Peak Resorts - NewEnglandSkiHistory.com