Alterra Mountain Company has entered into an agreement to purchase Sugarbush Resort in Vermont, bringing the company’s portfolio up to 15 resorts throughout North America.

Summit Ventures NE LLC, owner of the resort since 2001, agreed to sell the majority of its Sugarbush assets to Alterra. Summit Ventures CEO Win Smith will stay on as president and COO of the resort. Terms of the transaction were not disclosed, but the deal is expected to close in early January 2020, subject to regulatory approval.

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