Six Flags and Kings Dominion Operators to Merge

Cedar Fair (owner of Kings Dominion) and Six Flags Entertainment Corporation, announced today that the two companies will be merging.  The combined company will operate a portfolio of 27 amusement parks, 15 water parks and 9 resort properties across 17 states in the U.S., Canada, and Mexico. According to a press release, “the combined company, with a pro forma enterprise value of approximately $8 billion based on both companies’ debt and equity values as of October 31, 2023, will be a leading amusement park operator in the highly competitive leisure space with an expanded and diversified footprint, a more robust operating model and a strong revenue and cash flow generation profile.” The merger is expected to close in the first half of 2024

“Our merger with Six Flags will bring together two of North America’s iconic amusement park companies to establish a highly diversified footprint and a more robust operating model to enhance park offerings and performance,” said Richard Zimmerman, President and Chief Executive Officer of Cedar Fair. “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 combination of Six Flags and Cedar Fair will redefine our guests’ amusement park experience as we combine the best of both companies,” added Selim Bassoul, President and Chief Executive Officer of Six Flags. “Six Flags and Cedar Fair share a strong cultural alignment, operating philosophy, and steadfast commitment to providing consumers with thrilling experiences. By combining our operational models and technology platforms, we expect to accelerate our transformation activities and unlock new potential for our parks. We are excited to unite the Cedar Fair and Six Flags teams to capitalize on the tremendous growth opportunities and operational efficiencies of our combined platform for the benefit of our guests, shareholders, employees, and other stakeholders.”

 

Recent Stories

Scores for Dec 09, 2023 (powered by www.MoCoAI.com):

Per Montgomery County: “Committees will review legislation regarding roadside tree replacement fees and the County’s right of first refusal to buy rental housing; and review zoning text amendments regarding site…

Per the State of Maryland (12.9.23): “Today, Governor Wes Moore and First Lady Dawn Moore hosted a public open house to celebrate the holiday season with Marylanders. The event was…

Per the Montgomery County Office of Emergency Management and Homeland Security: “Montgomery County has activated a Hypothermia Alert for extreme cold for Sun, 12/10 at 10:00 pm through Mon, 12/11. Expect…

So What Else Indoor Vintage Event

SATURDAY 12/9/23 Join us for the ultimate year-end celebration of art, vintage finds, and fashion at CNXN.WORLD's Art & Vintage Event! Sponsored by So What Else, Inc. We will be hosting a hygiene product drive as well! Please bring items like soap, toothpaste, shampoo, deodorant, and more to donate and make a difference. Sign up for a chance to WIN a $40 credit you can use towards any purchase at the event! We've got food, drinks, and more prizes during the event! Vendor Lineup: @thefoundrymd @poetic_sole @on2thenext_vntg @fleetwoodmarket @anatething @bimdayz @thriftlifeadvintage @yester_dayz @bratty_couture @camryncurtiss @crushthrifts @888deadgirl @ken_blendz @misfitbodega @mando.nc @mozartsthriftshop @seamslikenew @skuffstore @the.crucial.cookie @sowhatelsehelps Saturday, December 9th, 20231:30 PM to 6:00 PM4924 Wyaconda Rd, North Bethesda, MD 20852. See you there!

×

Subscribe to our mailing list