29
Nov
Squaw Valley sold
The Cushing family sells Squaw Valley to a private equity firm
Last week, Squaw Valley announced that the ski area was being sold to a Denver-based private equity firm called KSL Capital Partners, which has committed to spending over $50 million in capital improvements over the next three to five years. The sale price has not been released, but the deal is expected to close by the end of 2010.
Squaw Valley has been owned by the Cushing family for the last 60 years. Squaw’s founder, Alex Cushing, died in 2006. Alex’s widow, Nancy Cushing, has served as Squaw’s CEO since 1994. She … Details