Stratton, Vt. — Stratton Mountain resort’s parent company is being acquired by Aspen Skiing Co. and Capital Partners in a $1.5 billion agreement that includes the assumption of debt obligations.

In an announcement from Intrawest Resorts Holdings Inc., company officials said the deal “creates significant opportunity for Intrawest and delivers tremendous value to our current shareholders.”

Intrawest also owns resorts in Colorado, West Virginia and in three Canadian provinces.

The agreement was unanimously approved by the Intrawest board of directors, according to the announcement. The acquisition is expected to close before 2017-18 ski season, provided closing conditions that include regulatory approvals are met.

State Rep. Oliver Olsen, I-Londonderry, reacted positively to the news. “I want to welcome Aspen Skiing Company and KSL to Vermont. Stratton is a key component of Vermont’s tourism industry, and plays vital role in the economy of Southern Vermont,” he said in a statement.

Olsen said the new ownership structure “brings new opportunities for Stratton, its employees, and local businesses in the area. I look forward to learning more about future investments in Stratton, and stand ready to assist Aspen Skiing Company and KSL as they look to enhance the value of this important economic asset.”

Aspen Skiing Co. operates resorts in the Aspen region. KSL Capital Partners owns Squaw Valley and Alpine Meadows in the Lake Tahoe area.

This is the third consolidation in the Northeastern ski industry in recent months. Earlier this year Vail Resorts bought the mountain operations at Stowe Resort. The assets of Okemo Resort were sold to a hedge fund in November.

Correction

Aspen Skiing Co. and KSL Capital Partners said Monday they are acquiring Intrawest Resorts Holdings Inc. — which includes Stratton Mountain, Steamboat, Tremblant and other ski resorts — for $1.5 billion. A headline in Tuesday’s Valley News incorrectly described what the transaction included.