Six Flags and Cedar Fair Form North America's Largest Amusement Park Operator
ICARO Media Group
In a significant merger, Six Flags Entertainment Corporation has joined forces with Cedar Fair Entertainment Company to create the biggest amusement park operator in North America. With a combined portfolio of 42 parks spanning the United States, Canada, and Mexico, this merger solidifies the companies' position as industry leaders.
The completion of the merger on Monday values the newly formed company at a staggering $8 billion. This strategic alliance brings together the respective strengths of both Six Flags and Cedar Fair. Six Flags' reputation for innovative ride and attraction designs, coupled with Cedar Fair's commitment to exceptional guest experiences, ensures an exciting and memorable visit for park-goers.
The merger offers enhanced financial flexibility, allowing the company to invest in new rides, attractions, food and beverage options, as well as state-of-the-art consumer technologies. These investments aim to increase attendance, boost per capita spending, and ultimately enhance profitability.
Prior to the merger, Cedar Fair operated 11 regional amusement parks, four water parks, and two sports destinations. Highlighted among their roster were popular destinations such as Cedar Point in Sandusky, Ohio, famous for its thrilling roller coasters, as well as Dorney Park in Pennsylvania, Kings Dominion in Virginia, and Knott's Berry Farm in California.
Richard Zimmerman, the president and CEO of Cedar Fair, will continue in his role within the new combined company. Meanwhile, Selim Bassoul, the president and CEO of Six Flags, will assume the position of executive chairman of the Board of Directors.
Together, the combined park portfolio of Six Flags and Cedar Fair offers an unparalleled reach, catering to the entertainment preferences and age groups of a wider range of guests than ever before. These unique and immersive experiences create a lasting and memorable visit for individuals of all backgrounds.
With this merger now complete, the newly formed Six Flags and Cedar Fair partnership is poised to set industry standards in the amusement park sector. By leveraging their expertise and resources, the company is poised to revolutionize the park experience, ensuring every visit is truly extraordinary.