Technogym
Technogym
Technogym
Leisure Opportunities
Job search
Job Search
see all jobs
Latest job opportunities
Everyone Active
Competitive rates of pay
South Oxhey Leisure Centre, Watford
New Hall School
£25,000pa + excellent benefits
Chelmsford, Essex
City of London Corporation
£40,056 - £44,934pa + local govt pension + benefits
Epping Forest, Essex

Cedar Fair and Six Flags merge – combined company will operate 51 theme parks and resorts

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
Job opportunities
City of London Corporation
£40,056 - £44,934pa + local govt pension + benefits
location: Epping Forest, Essex, United Kingdom
more jobs

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.

Sign up for FREE ezines, news alerts & magazines
Related news

Six Flags plans new haunted houses based on Hollywood IPs

18 Oct 2023
Six Flags is launching two new haunted house experiences, inspired by iconic horror movies, The ...

Kings Island to add Adventure Port for 2023 Season

25 Oct 2022
Kings Island theme park in Ohio, US, is adding a new area, called Adventure Port, ...

Record results in 2019 for Cedar Fair after water park acquisitions

20 Feb 2020
Cedar Fair has hailed its most successful ever year following the release of its financial ...
Two iconic theme park operators, Cedar Fair and Six Flags, have confirmed they are merging.
TAW,VAT
2023/THUMB352079_564463_481589.jpg

More News

1 - 15 of 44,315
01 Mar 2024
The first bricks and mortar Kinrgy studio opens today (1 March) in West Hollywood. Founded by Emmy Award-winning dancer, Julianne Hough, the brand started as ... More
29 Feb 2024
Orangetheory and Self Esteem Brands have revealed plans to merge 'as equals' creating a new company with around US$3.5 billion a year in sales and ... More
29 Feb 2024
In the same week as tennis legend, Andre Agassi, was appointed to the board of Life Time, the company has released strong year-end results, achieving ... More
28 Feb 2024
According to a pilot study by Yale School of Medicine, exercise can not only slow down the neurodegeneration associated with Parkinson’s Disease, there is evidence ... More
28 Feb 2024
Self Esteem Brands (SEB), owner of Anytime Fitness, has released year-end results which show year-on-year revenues up by 12.3 per cent and the launch of ... More
28 Feb 2024
Basic-Fit has introduced a new approach to tackle gymtimidation and create an inclusive environment in its clubs. The ‘Be Comfortable’ programme includes behavioural guidelines for ... More
27 Feb 2024
Speaking exclusively in the current issue of HCM magazine, Third Space CEO, Colin Waggett, says he is feeling optimistic, as the company gears up to ... More
27 Feb 2024
Australian exercise and active health trade body, AUSactive, has partnered with the national Royal Life Saving and Swimming Pool & Spa Association to develop a ... More
26 Feb 2024
Kerzner International has ushered in a new era of wellness-centric hospitality and unveiled its highly-anticipated flagship Siro resort in Dubai. Situated within the striking One ... More
26 Feb 2024
Following a successful pilot, The Gym Group is rolling out a programme, delivered by The Well HQ, educating its trainers on how best to support ... More
23 Feb 2024
As Planet Fitness announces strong year-end results there are reports the company is planning a move into the Spanish market. CFO Tom Fitzgerald is also ... More
23 Feb 2024
The ICO has ruled that eight leisure operators have been unlawfully processing the biometric data of their employees to be used for attendance checks and ... More
22 Feb 2024
Xponential Fitness has told HCM it will vigorously defend itself against claims made in a class action lawsuit being brought against the company for financial ... More
22 Feb 2024
“2024 is going to the be biggest year for Gymshark ever,” says CEO and founder, Ben Francis following the release of year-end results that were ... More
21 Feb 2024
More consumers are realising meditation is beneficial, but many give up because it’s difficult to master the mind. The Muse headset has been designed to ... More
1 - 15 of 44,315
Technogym
Technogym