Six Flags and Cedar Fair officially merge to create the largest amusement park operator in North America
- Six Flags and Cedar Fair have finalized their merger, forming the biggest amusement park operator in North America.
- The combined company, to be called Six Flags Entertainment Corporation, is estimated to be worth $8 billion.
- The merger is set to be completed by July 1, 2024.
In a significant move within the theme park industry, Six Flags Entertainment Corporation has successfully completed its merger with Cedar Fair Entertainment Company, forming the largest amusement park operator in North America. The merger, valued at $8 billion, brings together a combined portfolio of 42 parks spanning the United States, Canada, and Mexico. This strategic union aims to leverage the strengths of both companies, with Cedar Fair's reputation for exceptional guest experiences complementing Six Flags' innovative ride and attraction designs. The newly combined company, headquartered in Charlotte, North Carolina, will trade under the ticker symbol FUN on the New York Stock Exchange. Richard Zimmerman, the former president and CEO of Cedar Fair, will continue in his role within the merged entity, while Selim Bassoul, the previous head of Six Flags, will assume the position of executive chairman of the Board of Directors. The merger is expected to enhance financial flexibility, enabling investments in new rides, attractions, and consumer technologies to drive attendance, spending, and profitability. With a focus on delivering unique and immersive experiences for guests of all ages, the merger between Six Flags and Cedar Fair signifies a significant milestone in the theme park industry. The combined company's diverse park portfolio, including renowned destinations like Cedar Point, Kings Dominion, and Knott's Berry Farm, aims to elevate the level of joy and excitement for regional park visitors. The merger, completed on Monday, sets the stage for a new era of growth and innovation in the amusement park sector, promising more exciting and memorable experiences for visitors across North America.