DALLAS (2022) – Hext Capital Partners, LLC is pleased to announce it recently advised Nova Guides, Inc. (“Nova Guides”) on the sale of substantially all of its assets to Delaware North (“Delaware North”), a global hospitality and entertainment company based in Buffalo, New York.
For over 35 years, Nova Guides has provided summer ATV/UTV guided tours and rentals, winter snowmobile and snow coach guided tours and rentals, and private fly fishing and archery instruction. The tours operate under special permits in and around the White River National Forest, with Nova Guides having access to55,000 acres of remote and scenic forest land, allowing adventurers to customize their itinerary according to personal preference. Their offerings also include Camp Hale Weddings, a wedding business located on 80 privately held acres.
Delaware North is a global leader in hospitality management & food service management serving national and state parks. Delaware North’s current tours collection includes Yellowstone Vacation Tours, the largest outdoor recreation and adventure tour company operating in Yellowstone National Park in Montana, along with a variety of offerings outside of Yosemite National Park in California and also on the coast of Lake Erie in Ohio.
“As a family-owned business, Delaware North is an ideal partner to continue our legacy at Nova Guides,” said Steve Pittel, President and Co-Founder of Nova Guides. “The property, our customer, and employees are in good hands under their stewardship.” Greg Carretto, Co-Founder, added “We are proud of everything we have built over the last 35 years, but equally excited to see where it can go next!”
Simon Martin and Gabe Trotta led the transaction for Hext Capital and added, “Congratulations to the teams at Nova Guides and Delaware North for a successful transaction. Thanks to everyone’s hard work, Nova Guides will continue to provide a unique outdoor recreation experience under Delaware North’s leadership.”
Rick Stark, Michael Attaway and Ryan Ricke with Kane Russell Coleman & Logan served as seller’s counsel on the transaction.