A group of lo­cal in­vestors ac­quires Mont SUT­TON

Stanstead Journal - - NEWS -

A group of Québec in­vestors, res­i­dents of Sut­ton, is of­fi­cially an­nounc­ing an agree­ment to ac­quire Ski Sut­ton Inc., the owner of the Mont SUT­TON ski re­sort. The group con­sists of true devo­tees of the re­sort and the re­gion, namely Jean Michel Ryan, Mont SUT­TON’s Gen­eral Man­ager, Syl­vain Ger­vais of En­treprises Larry and Pierre Ch­es­nay, a for­mer mem­ber of Uni-Sélect’s se­nior man­age­ment. An agree­ment has been reached with the Boulanger fam­ily, the re­sort’s ma­jor­ity share­hold­ers.

Ski Sut­ton Inc.’s share­hold­ers will be called upon to voice their opin­ion about this of­fer at a share­hold­ers’ meet­ing which will take place in March 2016. The con­clu­sion of the trans­ac­tion is sub­ject to a few con­di­tions to be con­cluded, in­clud­ing the ac­cep­tance by the ma­jor­ity of the Ski Sut­ton Inc.’s mi­nor­ity share­hold­ers.

Once the sale process is com­pleted, Mont SUT­TON’s new own­ers will be able to launch an am­bi­tious in­vest­ment plan that in­volves projects over the next four years. This plan in­cludes, amongst oth­ers, im­prove­ments to the snow mak­ing and trail main­te­nance sys­tem as well as to the ac­com­mo­da­tion in­fra­struc­tures.

The po­ten­tial new own­ers of Mont Sut­ton will in­vest in the ski fa­cil­ity.

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