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NEWS
Cedar Fair and Six Flags merge – combined company will operate 51 theme parks and resorts
POSTED 02 Nov 2023 . BY Tom Walker
The new company will boast a portfolio that includes some of the most iconic parks in North America Credit: Six Flags
Two iconic theme park operators, Cedar Fair and Six Flags, have confirmed they are merging
The two regional operators will combine to form a new company with a significant foothold on the North and Central American market
It will have 27 theme parks, 15 water parks and nine resort properties across 17 US states, Canada and Mexico
Once the deal has been completed, the company will operate under the name Six Flags and will be headquartered in Charlotte, North Carolina
Two iconic theme park operators, Cedar Fair and Six Flags, have confirmed they are merging.

The two regional operators will combine to form a new company with a significant foothold on the North and Central American market, with 27 theme parks, 15 water parks and nine resort properties across 17 US states, Canada and Mexico.

The combined company will be valued at around US$8 billion, based on both companies’ debt and equity values as of 31 October 2023.

Once the deal has been completed, the company will operate under the name Six Flags and will be headquartered in Charlotte, North Carolina – with significant finance and administrative operations in Sandusky, Ohio.

Under the terms of the merger agreement, which has been unanimously approved by the boards of directors of both companies, Cedar Fair unit holders will receive one share of common stock in the new combined company for each unit owned, and Six Flags shareholders will receive 0.5800 shares of common stock in the new combined company for each share owned.

This will result in Cedar Fair unitholders owning 51.2 per cent and Six Flags shareholders 48.8 per cent of the combined company’s fully diluted share capital.

According to Richard Zimmerman, president and CEO of Cedar Fair, the move will result in the new company having an expanded and diversified footprint, a more robust operating model and "a strong revenue and cash flow generation profile".

“Our merger with Six Flags will bring together two of North America’s iconic amusement park companies to establish a highly diversified footprint to enhance park offerings and performance,” Zimmerman said.

“Together, we will have an expanded and complementary portfolio of attractive assets and intellectual property to deliver engaging entertainment experiences for guests.

"The combination also creates an enhanced financial profile with strong cash flow generation to accelerate investments in our parks to delight our guests, driving increased levels of demand and in-park value and spending. I have great respect for the Six Flags team and look forward to joining forces as we embark on this next chapter together.”

The new company will boast a portfolio that includes some of the most iconic parks in North America.

It will also have entertainment partnerships and a portfolio of IP, such as Looney Tunes, DC Comics and Peanuts to develop new attractions.

Richard Zimmerman will serve as president and CEO of the combined company and Selim Bassoul, president and CEO of Six Flags, will serve as executive chair of the company’s board of directors.
RELATED STORIES
  Six Flags plans new haunted houses based on Hollywood IPs


Six Flags is launching two new haunted house experiences, inspired by iconic horror movies, The Conjuring and Saw X.
  Kings Island to add Adventure Port for 2023 Season


Kings Island theme park in Ohio, US, is adding a new area, called Adventure Port, for the 2023 season.
  Record results in 2019 for Cedar Fair after water park acquisitions


Cedar Fair has hailed its most successful ever year following the release of its financial results for 2019.
  Six Flags earns Certfied Autism Center status at all 26 destinations


Six Flags will become one of the first theme park chains to earn Certified Autism Center (CAC) status across all 26 of its locations.
MORE NEWS
Merlin unveils record-breaking Hyperia coaster at Thorpe Park
Merlin Entertainments has launched its new Hyperia rollercoaster at Thorpe Park to celebrate its 45th year.
Second Chaos Karts launches in Dubai
Live action video game experience Chaos Karts has launched in a 15,000sq ft arena in Al Quoz, Dubai.
Vietnam Van Gogh exhibition uses VIOSO-powered immersive installations
Twenty-five cameras, nine servers, 70 projectors and a range of AV technologies are being used to bring the art of Van Gogh to life in Ho Chi Minh City, Vietnam.
Use of cinematography techniques significantly increases engagement with VR
A study has found that the use of cinematic and video editing techniques can drastically increase the aesthetic appeal and user engagement of virtual reality environments.
+ More news   

COMPANY PROFILES
Polin Waterparks

Polin was founded in Istanbul in 1976. Polin has since grown into a leading company in the waterpa [more...]
ProSlide Technology, Inc.

A former national ski team racer, ProSlide® CEO Rick Hunter’s goal has been to integrate the smoot [more...]
RMA Ltd

RMA Ltd is a one-stop global company that can design, build and produce from a greenfield site upw [more...]
Sally Corporation

Our services include: Dark ride design & build; Redevelopment of existing attractions; High-quality [more...]
+ More profiles  
FEATURED SUPPLIER

CSI Design Expo Americas 2024 announces new Attractions & Entertainment Technology Zone
Cruise Ship Interiors (CSI) invites cruise lines, shipyards, design studios, outfitters, and suppliers to take part in CSI Design Expo Americas in Miami, Florida, the region’s only event dedicated to cruise ship interior design. [more...]
CATALOGUE GALLERY
 

+ More catalogues  
DIRECTORY
+ More directory  
DIARY

 

06-06 Jun 2024

National Attractions Marketing Conference

Drayton Manor Theme Park & Resort, Tamworth, United Kingdom
06-07 Jun 2024

World Sauna Forum 2024

Sataman Viilu , Jyväskylä, Finland
+ More diary  
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©Cybertrek 2024
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Jobs    News   Products   Magazine   Subscribe
NEWS
Cedar Fair and Six Flags merge – combined company will operate 51 theme parks and resorts
POSTED 02 Nov 2023 . BY Tom Walker
The new company will boast a portfolio that includes some of the most iconic parks in North America Credit: Six Flags
Two iconic theme park operators, Cedar Fair and Six Flags, have confirmed they are merging
The two regional operators will combine to form a new company with a significant foothold on the North and Central American market
It will have 27 theme parks, 15 water parks and nine resort properties across 17 US states, Canada and Mexico
Once the deal has been completed, the company will operate under the name Six Flags and will be headquartered in Charlotte, North Carolina
Two iconic theme park operators, Cedar Fair and Six Flags, have confirmed they are merging.

The two regional operators will combine to form a new company with a significant foothold on the North and Central American market, with 27 theme parks, 15 water parks and nine resort properties across 17 US states, Canada and Mexico.

The combined company will be valued at around US$8 billion, based on both companies’ debt and equity values as of 31 October 2023.

Once the deal has been completed, the company will operate under the name Six Flags and will be headquartered in Charlotte, North Carolina – with significant finance and administrative operations in Sandusky, Ohio.

Under the terms of the merger agreement, which has been unanimously approved by the boards of directors of both companies, Cedar Fair unit holders will receive one share of common stock in the new combined company for each unit owned, and Six Flags shareholders will receive 0.5800 shares of common stock in the new combined company for each share owned.

This will result in Cedar Fair unitholders owning 51.2 per cent and Six Flags shareholders 48.8 per cent of the combined company’s fully diluted share capital.

According to Richard Zimmerman, president and CEO of Cedar Fair, the move will result in the new company having an expanded and diversified footprint, a more robust operating model and "a strong revenue and cash flow generation profile".

“Our merger with Six Flags will bring together two of North America’s iconic amusement park companies to establish a highly diversified footprint to enhance park offerings and performance,” Zimmerman said.

“Together, we will have an expanded and complementary portfolio of attractive assets and intellectual property to deliver engaging entertainment experiences for guests.

"The combination also creates an enhanced financial profile with strong cash flow generation to accelerate investments in our parks to delight our guests, driving increased levels of demand and in-park value and spending. I have great respect for the Six Flags team and look forward to joining forces as we embark on this next chapter together.”

The new company will boast a portfolio that includes some of the most iconic parks in North America.

It will also have entertainment partnerships and a portfolio of IP, such as Looney Tunes, DC Comics and Peanuts to develop new attractions.

Richard Zimmerman will serve as president and CEO of the combined company and Selim Bassoul, president and CEO of Six Flags, will serve as executive chair of the company’s board of directors.
RELATED STORIES
Six Flags plans new haunted houses based on Hollywood IPs


Six Flags is launching two new haunted house experiences, inspired by iconic horror movies, The Conjuring and Saw X.
Kings Island to add Adventure Port for 2023 Season


Kings Island theme park in Ohio, US, is adding a new area, called Adventure Port, for the 2023 season.
Record results in 2019 for Cedar Fair after water park acquisitions


Cedar Fair has hailed its most successful ever year following the release of its financial results for 2019.
Six Flags earns Certfied Autism Center status at all 26 destinations


Six Flags will become one of the first theme park chains to earn Certified Autism Center (CAC) status across all 26 of its locations.
MORE NEWS
Merlin unveils record-breaking Hyperia coaster at Thorpe Park
Merlin Entertainments has launched its new Hyperia rollercoaster at Thorpe Park to celebrate its 45th year.
Second Chaos Karts launches in Dubai
Live action video game experience Chaos Karts has launched in a 15,000sq ft arena in Al Quoz, Dubai.
Vietnam Van Gogh exhibition uses VIOSO-powered immersive installations
Twenty-five cameras, nine servers, 70 projectors and a range of AV technologies are being used to bring the art of Van Gogh to life in Ho Chi Minh City, Vietnam.
Use of cinematography techniques significantly increases engagement with VR
A study has found that the use of cinematic and video editing techniques can drastically increase the aesthetic appeal and user engagement of virtual reality environments.
Disneyland Paris renames theme park as part of $2 billion transformation
Disneyland Paris has unveiled a new name for Walt Disney Studios Park as part of the park’s US$2 billion transformation.
UK's Royal attractions had a bumper year in 2023
Numbers from the Association of Leading Visitor Attractions, (ALVA) show that Royal attractions saw a huge increase in visitor numbers during 2023 – the coronation year of King Charles III.
+ More news   
 
COMPANY PROFILES
Polin Waterparks

Polin was founded in Istanbul in 1976. Polin has since grown into a leading company in the waterpa [more...]
ProSlide Technology, Inc.

A former national ski team racer, ProSlide® CEO Rick Hunter’s goal has been to integrate the smoot [more...]
RMA Ltd

RMA Ltd is a one-stop global company that can design, build and produce from a greenfield site upw [more...]
Sally Corporation

Our services include: Dark ride design & build; Redevelopment of existing attractions; High-quality [more...]
+ More profiles  
FEATURED SUPPLIER

CSI Design Expo Americas 2024 announces new Attractions & Entertainment Technology Zone
Cruise Ship Interiors (CSI) invites cruise lines, shipyards, design studios, outfitters, and suppliers to take part in CSI Design Expo Americas in Miami, Florida, the region’s only event dedicated to cruise ship interior design. [more...]
CATALOGUE GALLERY
+ More catalogues  
DIRECTORY
+ More directory  
DIARY

 

06-06 Jun 2024

National Attractions Marketing Conference

Drayton Manor Theme Park & Resort, Tamworth, United Kingdom
06-07 Jun 2024

World Sauna Forum 2024

Sataman Viilu , Jyväskylä, Finland
+ More diary  
 


ADVERTISE . CONTACT US

Leisure Media
Tel: +44 (0)1462 431385

©Cybertrek 2024

ABOUT LEISURE MEDIA
LEISURE MEDIA MAGAZINES
LEISURE MEDIA HANDBOOKS
LEISURE MEDIA WEBSITES
LEISURE MEDIA PRODUCT SEARCH
ATTRACTIONS MANAGEMENT NEWS
ATTRACTIONS HANDBOOK
PRINT SUBSCRIPTIONS
FREE DIGITAL SUBSCRIPTIONS