Viad Corp Acquires Maligne Tours Business

Viad Corp

today announced that it acquired the Maligne Tours Ltd. business ("Maligne Tours"), which provides interpretive boat tours and related services at Maligne Lake in Jasper National Park.  Maligne is the largest lake in Jasper National Park and is widely noted for its scenic splendor, vivid water color and views of three glaciers and Spirit Island. Steve Moster, Viad's president and chief executive officer, said, "This acquisition represents continued progress against our Refresh, Build, Buy strategy to add scale to our portfolio of experiential tourism businesses through the addition of iconic and high-margin assets.  Maligne Tours is a world-class asset and a natural fit with our existing Jasper and Banff-based businesses, offering cross-selling opportunities and operational synergies in a geography and service line that we know well.  Our existing attractions include the Glacier Adventure and Glacier Skywalk in Jasper National Park and the Banff Gondola and Banff Lake Cruise in Banff National Park." Maligne Tours has seven tour boats operating seasonally from May through October and welcomed approximately 75,000 guests last year.  The business also includes a marina