M&A Deal Summary

Six Flags Entertainment Acquires Schlitterbahn Waterparks & Resorts - Two Texas Water Parks

On June 14, 2019, Six Flags Entertainment acquired leisure company Schlitterbahn Waterparks & Resorts - Two Texas Water Parks from Schlitterbahn Waterpark & Resort for 261M USD

Acquisition Highlights
  • This is Six Flags Entertainment’s 1st transaction in the Leisure sector.
  • This is Six Flags Entertainment’s 2nd largest (disclosed) transaction.
  • This is Six Flags Entertainment’s 1st transaction in the United States.
  • This is Six Flags Entertainment’s 1st transaction in Texas.

M&A Deal Summary
Date 2019-06-14
Target Schlitterbahn Waterparks & Resorts - Two Texas Water Parks
Sector Leisure
Buyer(s) Six Flags Entertainment
Sellers(s) Schlitterbahn Waterpark & Resort
Deal Type Divestiture
Deal Value 261M USD

Target

Schlitterbahn Waterparks & Resorts - Two Texas Water Parks

New Braunfels, Texas, United States
Schlitterbahn Waterparks & Resorts - Two Texas Water Parks are one resort in Texas – Schlitterbahn Waterpark and Resort New Braunfels and Schlitterbahn Waterpark Galveston. Both Water Parks provide Tube in miles of rivers, uphill water coasters, Boogie Bahn Surfing wave, and wave rivers.

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Buyer(S) 1

Buyer

Six Flags Entertainment

Charlotte, North Carolina, United States
Category Company
Founded 1983
Sector Leisure
Employees3,350
Revenue 1.8B USD (2023)
DESCRIPTION

Six Flags Entertainment is a regional amusement-resort operator with 27 amusement parks, 15 water parks and nine resort properties across 17 states in the U.S., Canada and Mexico. Focused on its purpose of making people happy, Six Flags provides fun, immersive and memorable experiences to millions of guests every year with world-class coasters, themed rides, thrilling water parks, resorts and a portfolio of beloved intellectual property such as Looney Tunes®, DC Comics® and PEANUTS®. Six Flags Entertainment is based in Charlotte, North Carolina.

DEAL STATS #
Overall 1 of 2
Sector (Leisure) 1 of 2
Type (Divestiture) 1 of 1
State (Texas) 1 of 2
Country (United States) 1 of 2
Year (2019) 1 of 1
Size (of disclosed) 2 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-02 Six Flags

Arlington, Texas, United States

Six Flags is a regional theme park operator, with 19 parks in the United States, Canada, and Mexico. Six Flags provides families and thrill seekers with a wide variety of entertainment options, including special events and access to over 800 rides throughout North America. Six Flags was founded in 1961 and is based in Arlington, Texas.

Buy $1.9B

Seller(S) 1

SELLER

Schlitterbahn Waterpark & Resort

New Braunfels, Texas, United States
Category Company
Founded 1979
Sector Leisure
DESCRIPTION

Schlitterbahn Waterpark & Resort operate in four cities. In Texas, Schlitterbahn has parks in Galveston (where there is both an outdoor and indoor convertible waterpark), South Padre Island (with a waterpark, resort, and indoor convertible waterpark) and in New Braunfels, the flagship waterpark and resort. In Kansas, Schlitterbahn operates a Waterpark in Kansas City.

DEAL STATS #
Overall 1 of 1
Sector (Leisure) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 1
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