ASC Completes $150 Million Investment

When Doug Coombs opened Valdez Heli Ski Guides in 1993, it was the first heli-ski outfitter in Alaska. Now owned and operated by Scott Raynor, VHSG has access to over 2,500 square miles of glaciated terrain, with one run as long as 6,200 vertical feet (it's called the Diamond, and if you're lucky, you'll get to ski off the top). You can book single-day packages starting at $925 (for six runs) or all-inclusive weeklong packages from $7,640. Find out more or book a trip at

SAM Magazine--Newry, Me., August 9, 1999--American Skiing Company (ASC) has closed its previously announced $150 million investment by Oak Hill Capital Partners, L.P., a private equity investment group. In addition, ASC's lenders have given the company the go ahead on simplifying its capital structure by merging ASC East, Inc. and ASC West, Inc. into the parent company.

Les Otten, CEO and chairman of ASC said, "Our entire organization is energized about the benefit of this transaction to our resort communities, as we now have the resources to continue to execute our development plans."

For more insight into this transaction, check out the Harbaugh Report on this Website.