Cedar Fair and Six Flags Complete Merger

Six Flags Entertainment Corporation (NYSE: FUN) announced on July 1, 2024, that they have finalized the merger between Cedar Fair, L.P. (“Cedar Fair”) and the former Six Flags Entertainment Corporation (“Six Flags”). The combined company operates under “Six Flags Entertainment Corporation.”

“Today marks a significant milestone for our company, shareholders, guests and associates, unlocking higher value and greater opportunities to deliver engaging entertainment experiences,” said Richard Zimmerman, president and chief executive officer of Six Flags Entertainment Corporation. “Our merger establishes a new Six Flags Entertainment Corporation with a highly diversified footprint and robust operating model, enhancing park offerings and performance though the complementary portfolio of attractive assets and intellectual property from each of Cedar Fair and the former Six Flags. The combination also enhances the financial profile of the company 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.”

“We believe that by combining the best ideas and most successful entertainment practices of both Six Flags and Cedar Fair, the new Six Flags can deliver a superior level of joy and excitement that has yet to be experienced by regional park guests,” added Selim Bassoul, executive chairman of the board of directors of Six Flags Entertainment Corporation. “We are excited to unite the Cedar Fair and Six Flags teams to capitalize on the tremendous growth opportunities and operational efficiencies of our more extensive entertainment portfolio.”

The new company now has 27 amusement parks, 15 water parks, and nine resort properties across 17 states in the U.S., Canada, and Mexico.