The DesLauriers family originally founded Bolton Valley Resort in 1966 as a 4 season, affordable mountain resort for Vermonters, offering the first of its kind after-school learn-to-ski program for kids. The family sold the company in 1997 and it went through various iterations of ownership, with little upkeep to aging infrastructure.
The DesLauriers family re-purchased the Resort in 2017 wanting to re-vitalize this important natural resource asset that provides affordable outdoor recreation activities for Vermonters. Lindsay DesLauriers, the only daughter of the family, was named President in 2019 and has built a strong leadership team and Board to guide the company as they implement their plan to create a four-season resort.
In 2019, the company began a major capital campaign to shore up aging infrastructure, address climate change through energy efficiency improvements and creation of a true four-season resort. The Flex Fund closely followed the progress of Bolton Valley’s capital raise over the years, and in 2021 invested $150,000 in equity in support of the Company’s growth and sustainability plan.
The Flex Fund fundamentally agreed with Lindsay’s premise that the ski resort is working lands. Her grandfather bought the land that now encompasses the resort when the interstate came through and divided his farm. He used the money from that sale to buy the Bolton property, generating income through timber harvests. “Now we’re snow farmers,” jokes Lindsay.
BVR, LLC d/b/a Bolton Valley Resort is a mission fit with the Flex Fund – as a woman-led business with strong gender diversity on the management team, and affordable community asset providing good jobs and recreational opportunities. And, while Bolton is a big energy user, capital raised has supported improved energy efficiencies and carbon footprint reductions through investment in wind and solar energy projects, LED lighting for night skiing, and conversion of snowmaking equipment from diesel reliant compressors to efficient electric compressors. The Resort recycles and composts across the property, donates used cooking oil to the Alternative Fuel Foundation, and use Skyway trash bags made in the U.S. from recycled agriculture plastics.