Pursuit Attractions Enters Agreement To Sell Flyover Business For $78.4M, Receives $25M In Deferred Proceeds From Prior GES Sale, And Repurchases $14.5M Of Common Stock

Enters agreement to sell Flyover business for $78.4 million, receives $25.0 million in deferred proceeds from prior GES sale, and repurchases $14.5 million of common stock

Pursuit Attractions and Hospitality Inc. (NYSE:PRSU) today announced a series of strategic actions taken to strengthen focus on iconic attractions and hospitality and enhance its long-term growth profile and shareholder value. These actions include entering into a definitive agreement to sell its Flyover flying theater attractions business ("Flyover") for approximately $78.4 million, subject to customary purchase price adjustments, representing a multiple of approximately 15 times Flyover's estimated 2025 Adjusted EBITDA contribution; receiving $25.0 million in deferred proceeds from the prior sale of its GES business; and repurchasing $14.5 million of Pursuit common stock.

Flyover Sale

Pursuit entered into a definitive agreement to sell Flyover to Brogent Technologies Inc. for approximately $78.4 million, subject to customary adjustments, which represents a multiple of approximately 15 times Flyover's estimated 2025 Adjusted EBITDA contribution. The transaction is expected to close this spring, pending regulatory approvals and customary closing conditions. Flyover will continue to operate as part of Pursuit until the transaction closes, allowing management and Brogent to deliver a successful transition.

Deferred Cash Proceeds from Prior GES Sale

On December 30, 2025, Pursuit received $25 million in deferred cash proceeds from the 2024 sale of its GES business, completing the $535 million transaction.

Share Repurchases

Between Nov. 10, 2025 and Jan. 20, 2026, Pursuit repurchased $14.5 million of common stock at an average price of $33.47 per share under its $50 million authorization. Approximately $35.5 million remains available for future repurchases.