Six Flags to Divest Seven Parks, Streamlining Portfolio Further
Six Flags Entertainment Corporation, North America’s leading regional amusement park operator, has finalized agreements to divest seven of its parks to EPR Properties for $331 million. This strategic move is part of Six Flags’ ongoing effort to optimize its portfolio and strengthen its financial position.
Details of the Divestiture
The parks included in the sale are:
- Valleyfair (Minneapolis, MN)
- Worlds of Fun (Kansas City, MO)
- Michigan’s Adventure (Grand Rapids, MI)
- Schlitterbahn Waterpark Galveston (Galveston, TX)
- Six Flags St. Louis (St. Louis, MO)
- Six Flags Great Escape (Queensbury, NY)
- Six Flags La Ronde (Montreal, QC)
These parks welcomed approximately 4.5 million visitors in 2025, generating around $260 million in net revenue and an Adjusted EBITDA of $45 million. The proceeds from this sale will help reduce Six Flags’ debt and slightly improve its leverage ratio after taxes and transaction costs.
Strategic Focus on Growth
John Reilly, President and CEO of Six Flags, emphasized the importance of this transaction. “This divestiture enables us to concentrate our capital, leadership, and operational focus on the properties that we believe generate the strongest returns,” he stated. Reilly noted that Six Flags’ earnings potential has been undervalued and that this move will simplify their operations while enhancing financial stability.
Transition and Operations Post-Sale
Following the sale, EPR Properties plans to collaborate with Enchanted Parks to manage the six domestic parks and La Ronde Operations, Inc. will take over Six Flags La Ronde. EPR will retain the right to use the Six Flags brand until the end of 2026 under certain conditions. During this transition, no significant changes are anticipated for guests, as regular operating schedules will continue.
Plans Moving Forward
Six Flags will maintain 34 parks across 23 locations in North America for the 2026 season. The deal is expected to close in early Q2 2026, pending standard closing conditions and third-party approvals. As part of their commitment to enhancing guest experiences, Six Flags aims to focus on parks with the most potential for growth.
This strategic divestiture represents a pivotal moment for Six Flags as it seeks to streamline its operations and improve returns for its stakeholders while maintaining its dedication to guest satisfaction.
