The merger of two major theme park companies, Six Flags and Cedar Fair, is set to create a new entity in the industry worth an estimated $8 billion. The merger will be finalized on Monday, forming a company called Six Flags Entertainment Corporation.
Selim Bassoul, the President and CEO of Six Flags, expressed excitement about the merger. He highlighted the opportunity to offer guests unique and thrilling experiences at their parks. Richard Zimmerman, the President and CEO of Cedar Fair, emphasized the importance of the merger in enhancing financial flexibility to invest in new rides, attractions, and technologies to improve guest experience.
Under the new leadership structure, Zimmerman will serve as president and CEO of the merged company while Bassoul will become the executive chairman of the board of directors. The merger will bring together dozens of theme parks, water parks, and resort properties across North America.
Six Flags operates in 11 states as well as Montreal and Mexico City while Cedar Fair has locations in nine states and Toronto area. Cedar Fair also offers accommodation options such as RV sites and hotels. Guests can expect to see enhancements and improvements in their respective parks following this merger that guarantees each visit will be more exciting than ever before.
This merger is expected to shake up the industry by creating a dominant player with increased resources for expansion and innovation. It also brings together two companies that have long been rivals but now join forces to offer visitors an unparalleled experience at their parks.
The merger comes at a time when theme park attendance is on the rise across North America, with many visitors looking for thrilling experiences that they can’t get anywhere else. By bringing together some of North America’s largest theme park operators under one roof, this deal promises to deliver more than ever before.
Overall, this merger represents an exciting opportunity for both companies as well as for consumers who are sure to benefit from enhanced amenities and innovative new attractions at their favorite theme parks.