The new combined company will be worth $8 billion and be majority owned by Cedar Fair shareholders., the new combined company will operate under the Six Flags name, be valued at approximately $8 billion, own and operate more than 40 amusement and water parks. It will also spell the end of Six Flags Arlington headquarters as the company will move to Charlotte, N.C.Cedar Fair and Six Flags have previously called it a “merger of equals.
“We are fortunate to have a proven team of leaders who bring decades of park operating experience and significant expertise in integrating businesses and achieving synergy targets for the combined company,” Zimmerman said in a statement. “Their insights and complementary skill sets will be instrumental as we combine two of North America’s iconic amusement park companies and forge a new future together.
With the merger, both companies are looking to compete with the nation’s biggest competitors like Walt Disney World and Universal Studios, which is set to open its Six Flags and Cedar Fair parks draw approximately over 50 million combined guests every year. Meanwhile, Disney and Universal, which only own and operate 9 amusement and water parks, reel in over 80 million combined guests.An OSHA investigation of Arlington-based Petmate identified nine safety violations during its review into how an employee suffered severe facial burns in December 2023.There are fraud allegations in lawsuits against the company’s CEO Robert T.