The 425-acre camp in Haines Township, and its offshoots in Wisconsin and California, along with its brand name and licensing rights, was sold last week to Powdr Corp., an investment group that owns nine ski resorts across the country.
Powdr CFO Jennifer Botter said her company is looking to build more camps both inside the U.S. and in as many as 30 foreign countries. …
Powdr’s interest in the camp was sparked by its purchase of Colorado’s Copper Mountain ski resort, where a Camp Woodward-licensed facility, dedicated to winter sports instruction for youth, opened in 2009.
“We became quite enamored of the people — Gary Ream in particular — and really became aware of what the camp was doing for the action sports industry,” Botter said.
Ream is the co-owner of Camp Woodward and the man behind its transition from a gymnastics-centered camp into an action sports mecca. …
Botter said Powdr agreed last month to purchase a majority stake in Camp Woodward from Ream and a few other co-owners, including Ream’s family members. Care was taken during the acquisition not to disrupt Camp Woodward’s summer season, she said.
Botter did not disclose the purchase price, but said Ream will remain president and his executive team will be retained. …
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(via College Gymnastics Board)
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