CrossHarbor Capital subsidiary buys Crazy Mountain Ranch

Jason Bacaj – Enterprise Staff Writer
Thursday, July 1, 2021
Article Image Alt Text

Enterprise photo by Jason Bacaj

Snow clings onto the steep slopes of the northern Crazy Mountains in an aerial photo from June 18.

The Lone Mountain Land Company, a subsidiary of the Yellowstone Club’s parent company, announced Wednesday it has purchased the Crazy Mountain Ranch.

A press release stated that the ranch will continue to function as a cow-calf operation and guest ranch, with “no plans for residential subdivision or a commercial heliskiing operation at the property.”

Lone Mountain Land Company was formed in 2014 by CrossHarbor Capital Partners to manage its investments in various projects around southwest Montana, including Spanish Peaks Mountain Club and Moonlight Basin, according to the release.

“We look forward to working with our neighbors, the Clyde Park community, and the Forest Service to be thoughtful stewards of the land and good members of the community,” said Sam Byrne, managing partner and co-founder at CrossHarbor Capital Partners, parent company to LMLC.

Crazy Mountain Ranch was operated by Philip Morris USA for about two decades as a guest ranch for adult smokers. The ranch houses 20 buildings, including a saloon, an events barn, a spa, hotel rooms and modern facilities, and during peak season employs about 100 people, the release states. 

The release states further that the LMLC will retain the 13 full-time employees, with plans to hire more.