A group of local investors acquires Mont SUTTON
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.