April 26, 2017 3:50 PM ET

Hotels, Restaurants and Leisure

Company Overview of Saddleback Ski Area, Inc.

Company Overview

Saddleback Ski Area, Inc. owns and operates a ski resort in Maine. The company’s facilities and offers include lodging, condominiums and lodges, ski-ride school, daycare, ski club, wedding, and banquets and conferences; and equipment rental and repair. The company was founded in 1960 and is based in Rangeley, Maine.

976 Saddleback Mountain Road

PO Box 490

Rangeley, ME 04970

United States

Founded in 1960

Phone:

207-864-5671

Fax:

207-864-5878

Key Executives for Saddleback Ski Area, Inc.

General Manager and Director of Planning, Development & Real Estate
Head of Instruction Programs and Director
Director of Marketing
Compensation as of Fiscal Year 2016.

Saddleback Ski Area, Inc. Key Developments

Neo Group Seeks Acquisitions

Neo Group Limited (Catalist:5UJ) reported that the group plans to continue acquiring smaller companies in both the supplier-side as well as downstream in order to increase market share.

Saddleback Says It Is In Negotiations To Sell Ski Area

Saddleback Ski Area, Inc. is up for sale and is negotiating with buyer. Resort officials on September 2, 2015, posted a variety of scenarios that may dictate how the business is run in the future. Options include a potential buyer who'd upgrade the lift before the winter season, another who'd close the resort and install the lift in the spring, and two who'd continue the status quo and make improvements next summer. The resort said all discussions are confidential. It's currently for sale for $9.5 million with 2,070 acres. “The Berry Family is evaluating all options with the goal of a sustainable future for Saddleback,” the resort said. “Although we have not been able to secure financing for the quad, there has been significant interest in a purchase of the resort,” Saddleback said in the posting. Saddleback officials could not be reached September 2, 2015, night for further details.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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