MCP Announces Intent to Acquire Controlling Stake in Andacor, Chilean Family-Owned Ski Resort Company

Durango, Colo. - Mountain Capital Partners (MCP), the largest ski resort collective in the Southwest United States and operator of Valle Nevado and La Parva in Chile, announced its intent to become the controlling shareholder of Andacor S.A. (Andacor) - the longtime owner and operator of El Colorado and Parque Farellones in Santiago, and majority shareholder of Pillán (Villarrica) and Volcán Osorno ski areas in southern Chile. The proposed transaction is conditioned to the obtention of certain corporate and regulatory approvals customary for this type of transaction.

Founded in the late 1940s by 20 pioneers and led for more than 75 years by the Leatherbee family, Andacor has played a key role in the origins and history of Chilean skiing. This proposed partnership brings together two organizations deeply rooted in mountain culture and family values, united by a shared vision to invest in the future of skiing, both in Chile and on the global stage.

“You cannot tell the story of skiing in Chile without the Leatherbee family,” said MCP managing partner James Coleman. “If approved, this partnership would honor that legacy, building on three generations of tradition to shape the next chapter of skiing in the Andes.”

Andacor’s four ski areas have long stood among Chile’s most iconic mountains:

After many decades of growth and contribution to Chilean skiing, Andacor has recently navigated financial challenges, particularly following the COVID-19 pandemic. MCP’s proven success and the operational efficiencies that can be achieved by integrating the resorts will not only bring greater financial stability to Andacor, but it will also make a decades-long dream come true for the Chilean mountain community - to seamlessly ski across all four resorts, automatically becoming one of the largest ski domains in the world in their backyard. The proposed partnership is both timely and full of potential, said Richard Leatherbee, who was Andacor CEO for nearly 30 years.

“Our heart, hopes and history have been in this business since my parents founded Andacor in 1949,” said Leatherbee. “In MCP, we have found a true partner who shares our values, our passion for the mountains and our belief in the future of skiing in Chile. This partnership would not only preserve the legacy of El Colorado, Parque Farellones, Pillán (Villarrica) and Volcán Osorno, it would create new opportunities to elevate and grow the skiing experience for generations to come.”

Mountain Capital Partners (MCP) is the third-largest ski resort company in the U.S. by resort count. The Durango-based company owns and manages 17 ski areas, bike parks, and golf courses across the Southwest, Pacific Northwest, and Chile. In total, MCP properties offer nearly 9,500 acres of lift-served terrain, 500+ trails, 90 lifts, and access to over 235,000 acres of backcountry, snowcat, and heli-skiing. Since 2015, MCP has invested more than $125 million in improvements.