History
Vail Resorts was founded as Vail Associates Ltd. by Pete Seibert (former WWII 10th Mountain Division ski trooper) in the early 1960s. Vail Ski Resort opened in 1962. George N. Gillett, Jr. purchased Vail Associates in 1985. Vail Associates changed its name to Vail Resorts and went public in 1997 after Gillett Holdings (owned by George N. Gillett, Jr.) went bankrupt. Apollo Management, headed by Leon Black, bought the company out of bankruptcy and took Vail Resorts public, controlling Vail Resorts through its growth until around 2003, when Apollo divested themselves of the controlling interest. Former Apollo executive, Rob Katz, currently runs the company. The skating rink at Beaver Creek was named the Black Family Skating Rink after Leon Black.
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“I believe my ardour for invention springs from his loins. I can’t say that the brassiere will ever take as great a place in history as the steamboat, but I did invent it.”
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