Six Flags has announced it is streamlining its portfolio with the sale of seven theme parks to EPR Properties.
The sale is for a total cash consideration of $331 million, subject to customary purchase price adjustments.
The parks included in the transaction are:
- Valleyfair (Minneapolis, Minnesota)
- Worlds of Fun (Kansas City, Missouri)
- Michigan’s Adventure (Grand Rapids, Michigan)
- Schlitterbahn Waterpark Galveston (Galveston, Texas)
- Six Flags St. Louis (St. Louis, Missouri)
- Six Flags Great Escape (Queensbury, New York)
- Six Flags La Ronde (Montreal, Quebec)
Combined, the above parks welcomed around 4.5 million visitors for the full year ended 31 December 2025, generating approximately $260m in net revenue.
The sale will enable Six Flags "to concentrate our capital, leadership and operational focus on the properties that we believe generate the strongest returns and offer the greatest long-term upside", said John Reilly, Six Flags' president and CEO.
"Since joining the company, I have been clear that Six Flags’ earnings power has been under-realized," he added.
"This transaction will simplify our portfolio, strengthen our balance sheet and position us to execute with greater clarity and discipline.
"By focusing our resources on the parks that we believe have the highest growth potential, we expect to drive operating leverage, expand margins and accelerate our cash flow generation."
Six Flags to streamline portfolio
EPR will partner with Enchanted Parks to operate the six US properties, and with La Ronde Operations, Inc. to manage Six Flags La Ronde in Canada.
The company will retain the right to use the Six Flags brand through the end of this year.
The transaction is expected to close by the the end of the first quarter or beginning of the second quarter of this year, subject to certain closing conditions and third-party approvals.
"Decisions like this are never taken lightly," Reilly said.
"We’re confident the parks will be in good hands with EPR and its partners, who have strong experience operating parks of this quality and scale.
"At the same time, this move allows Six Flags to concentrate on the parks that we believe offer the greatest opportunities for growth and long-term success."
Six Flags will now oversee its remaining collection of 34 parks in 23 locations across North America.
Images courtesy of Six Flags
