M&A
confidence high
sentiment positive
materiality 0.75
Viad Corp acquires Jasper SkyTram for ~$18M US (7x EBITDA); July close
Pursuit Attractions & Hospitality, Inc.
- Acquisition price $25M Canadian (~$18M US); adjusted EBITDA buy-in multiple ~7x.
- Expected to close in July 2024, subject to Parks Canada approval.
- Adds ~$4M in 2024 revenue (US$) with accretive adjusted EBITDA margin to Pursuit.
- Welcomed over 130,000 guests in 2023; renewable lease with ~30 years remaining.
- Strategic fit in Pursuit's Banff Jasper Collection; GM Todd Noble to continue leading.