In 1996, LBO and S-K-I merged to form the American Skiing Company, which, facing antitrust concerns from the US Justice Department, sold Cranmore and Waterville Valley Resort to Booth Creek Ski Holdings that November. Booth Creek owned Cranmore until June 2010, when the resort was sold to Brian Fairbank, Tyler Fairbank, and Joseph O'Donnell, operators of the Jiminy Peak ski area in Massachusetts. Immediately after taking control of Cranmore, the new owners announced a multimillion-dollar expansion, including a new Doppelmayr quad chair, new snowmaking, a new mountain coaster and a rebuilt tubing park.