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