Major Theme Park Companies Cedar Fair and Six Flags Announce Merger, Bringing Exciting Changes to the Industry

Cedar Fair and Six Flags, two major amusement park operators, are merging to create a powerhouse company with 27 amusement parks, 15 water parks, and nine resort properties across the U.S., Canada, and Mexico. The merger, valued at over $3.5 billion, aims to lower costs and enhance park offerings. Despite an increase in revenue, amusement parks have struggled with attendance during the pandemic. The combined company expects $120 million in cost savings and plans to moderate seasonal volatility. The deal is set to close in the first half of next year, pending approval from Six Flags shareholders.