Alterra Mountain Co. will acquire Sugarbush in central Vermont, its 15th mountain resort in North America. 

Located in Vermont's Mad River Valley, Sugarbush has two peaks, Mt. Ellen and Lincoln Peak, connected by a two-mile, high-speed quad chairlift. It joins Stratton as Alterra’s second ski resort in the state. 

Sugarbush is already on Alterra's Ikon Pass, which offers access to 41 destinations.

The resort has multiple lodging options, including the Clay Brook Hotel and Residences, the Sugarbush Inn and new slopeside residences. The Sugarbush Resort Golf Club has an 18-hole course.

The transaction is expected to close in the first quarter of 2020, subject to regulatory approval. Terms of the transaction were not disclosed.

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