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Northland Properties to buy Grouse Mountain Resorts

Northland Properties Corp. agreed to acquire Grouse Mountain Resorts Ltd. from Vancouver-based private equity investment firm CM (Canada) Asset Management Co. Ltd. for an undisclosed sum.

The deal is expected to close in January.

CM (Canada) Asset Management may have bought Grouse Mountain for as much as C$200 million from its previous longtime owners, the McLaughlin family of Vancouver, Daily Hive reported.