Press release: Mammoth Mountain Ski Area, owner of Mammoth Mountain and June Mountain, announced today that it has entered into an agreement to acquire Big Bear Mountain Resorts in Big Bear Lake, California.
Big Bear Mountain Resorts includes both Bear Mountain and Snow Summit, the largest and most popular of Southern California’s ski and snowboard resorts that host nearly 800,000 winter visits annually.
The combination of these four iconic California mountain resorts creates diverse and unique offerings of both summer and winter experiences for day trips, weekend getaways and extended vacations.
Bear Mountain and Snow Summit, located a short drive from everywhere in Southern California, with their full complement of outdoor activities from action sports to first-time family experiences, provide an excellent fit with the world class, big-mountain destination experience offered at Mammoth.
“We couldn’t be more excited to enter into this agreement with Big Bear Mountain Resorts. These two uniquely Southern California resorts have been providing great skiing, riding and biking experiences to visitors from California and beyond. Millions have enjoyed their first mountain resort experience on the slopes of Bear Mountain and Snow Summit, and we look forward to expanding upon the legacy that Dick Kun and his people have created over the past six decades,” said Rusty Gregory, Chairman and CEO of Mammoth Mountain.
“This acquisition represents the beginning of a renaissance for both Mammoth and Big Bear and is the first step in the next era of skiing and riding in California. In the coming months we will be announcing exciting new development and expansion plans for each of our four resorts designed to attract visitors from down the street, across the country, and around the world.”
To celebrate the occasion, Mammoth has announced a new season pass that includes unrestricted access to all four mountains at the discounted rate of $689 for adults. The new Cali4nia Pass will go on sale at the Hot Dawgz and Hand Rails event at Bear Mountain this Saturday, September 27 and will then be available online for a limited time only at www.snowsummit.com or www.Cali4niaPass.com.
This transaction will create one of the nation’s largest ski companies with over 2 million visitors per year.
Closing is subject to certain conditions, including Big Bear Mountain Resort shareholder approval and transfer of the U.S. Forest Service Permit that permits operations on nearly 1,500 acres of the San Bernardino National Forest.
