Cedar Fair and Six Flags Merge to Create $3.5B Amusement Park Giant With 27 Parks

Cedar Fair and Six Flags are merging to create a large amusement park operator across North America. The $3.5 billion company will have 27 parks and waterparks.

Amusement park attendance has struggled to recover since the pandemic, even as other entertainment sectors bounced back.

The merger is expected to lower costs through $120 million in savings within two years.

Cedar Fair unitholders will get 51.2% of the combined company. Six Flags shareholders will get 48.8%.

The deal is targeted to close in the first half of 2023, pending approvals.