secwatch.observer — SEC 8-K summary
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Issuer:     Pursuit Attractions & Hospitality, Inc. (PRSU)
CIK:        0000884219
Form:       8-K
Filed at:   2024-06-26T23:59:59+00:00
Accession:  0000950170-24-077627
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Viad Corp acquires Jasper SkyTram for ~$18M US (7x EBITDA); July close
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/884219/000095017024077627/0000950170-24-077627-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/884219/000095017024077627/vvi-20240626.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-077627

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer