
The pen has been put to paper and Killington has rejoined the ranks of independent ski areas. The new ownership group led by Adage Capital Management co-founder Phill Gross and Michael Ferri, who co-owns a series of oil change shops and car washes, finalized the deal to purchase a majority stake in the resort Monday from Park City-based Powdr, according to a release from the mountain.
Gross and Ferri have each spent decades as skiers at Killington.
Announcing the finalization of the process, the group said that the sale was completed with “zero net debt” and in a video presentation, Ferri said the goal is to reinvest all profits over the next 10 years back into the resort. Killington also outlined $30 million worth of capital improvements to be made before the start of the 2025-26 ski season.
Those improvements include nearly 1,000 new low-energy HKD snow guns at both Killington and Pico.