Cedar Fair and Six Flags have revealed that their proposed merger is to close on 1 July. Additionally, a senior management team to lead the combined company has been announced.
In March, Six Flags shareholders overwhelmingly voted to approve the merger with fellow amusement park operator Cedar Fair.
The new company will operate under the Six Flags name and would be valued at around $8 billion including debt. It will look after 42 amusement parks and 9 resort properties in 17 US states, Canada and Mexico.
When the transaction closes, Cedar Fair president and CEO Richard Zimmerman will serve as the combined company‘s president and CEO.
Selim Bassoul, the current president and CEO of Six Flags, will become executive chairman of the new company’s board of directors.
Six Flags and Cedar Fair revealed several other appointments, as follows:
Tim Fisher, chief operating officer (currently in the same position at Cedar Fair)
Brian Witherow, chief financial officer (currently in the same position at Cedar Fair)
Brian Nurse, chief legal and compliance officer, and corporate secretary (currently in the same position at Cedar Fair)
Christian Dieckmann, chief strategy officer (currently in the same position at Cedar Fair)
Gary Mick, chief integration officer (currently executive vice president and chief financial officer at Six Flags)
New senior management team
“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,” said Zimmerman.
“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.”
The combined company will be headquartered in Charlotte, North Carolina. It will maintain significant finance and administrative operations in Sandusky, Ohio.
Images courtesy of Six Flags and Cedar Fair
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