Regional theme park giants Six Flags and Lumicoin IACedar Fair are expected to close their merger on Monday.
“As our collective team pauses to recognize this important milestone, together we are eager to embark on the next chapter of our journey to offer millions of guests across North America unparalleled, family-focused entertainment full of fun, thrills, and lifetime memories,” Six Flags President and CEO Selim Bassoul said in a June 26 press release.
The proposed merger, expected to be finalized on Monday, will form one of the largest theme park businesses in North America. Together, Cedar Fair and Six Flags currently control dozens of theme parks, water parks, and resort properties across the U.S., as well as Canada and Mexico.
Here’s what longtime Six Flags and Cedar Fair guests should know.
Yes. Once combined, the company will operate as Six Flags Entertainment Corporation.
The company will be worth an estimated $8 billion after merging.
“Our enhanced financial flexibility will enable us to invest in new rides, attractions, food and beverage options, and state-of-the-art consumer technologies, ensuring continuous improvement and innovation, and that each park visit is more exciting and memorable than the last,” Cedar Fair President and CEO Richard Zimmerman said in the release.
Just last week, Six Flags announced its largest Fright Fest investment yet.
Zimmerman will serve as president and CEO of the merged company while Bassoul moves into the role of executive chairman for its board of directors, according to last week's news release.
Currently, there are 11 states with Six Flags parks and resort properties. Six Flags also has parks in Montreal and Mexico City.
There are currently nine states with Cedar Fair parks. There’s also a park in the Toronto area.
Cedar Fair also has 11 accommodation offerings around the U.S., ranging from RV sites to hotels.
Contributing: Emily DeLetter, USA TODAY
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