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Six Flags Entertainment Corporation has announced agreements to sell seven of its amusement and water parks to EPR Properties for approximately $331 million in cash, pending standard adjustments to the final price. The move marks a key step in the company’s broader plan to streamline its portfolio, improve efficiency, and strengthen its financial position.
The properties included in the deal are Valleyfair in Minneapolis, Worlds of Fun in Kansas City, Michigan’s Adventure near Grand Rapids, Schlitterbahn Waterpark in Galveston, Six Flags St. Louis, Six Flags Great Escape in Queensbury, and Six Flags La Ronde in Montreal.
Together, these parks welcomed around 4.5 million visitors in 2025, generating roughly $260 million in revenue and about $45 million in adjusted EBITDA. After accounting for taxes and transaction-related costs, the proceeds will primarily be used to reduce debt, with expectations that the deal will have a modestly positive effect on the company’s leverage ratio.
According to Six Flags President and CEO John Reilly, the sale aligns with the company’s strategy of focusing on its most profitable and high-growth locations. By reallocating resources toward its top-performing parks, the company aims to boost efficiency, improve margins, and enhance overall cash flow.
Following the transaction, EPR Properties intends to collaborate with Enchanted Parks to manage the six U.S. locations, while La Ronde Operations, Inc., owned by Kieran Burke, will oversee operations at La Ronde. EPR will also retain rights to use the Six Flags brand through the end of 2026, under certain conditions.
Visitors are not expected to experience major changes during the transition. All parks will continue operating as usual, and season passes including multi-park access will remain valid through the 2026 season.
Reilly noted that while such decisions are difficult, the company is confident the parks will continue to thrive under experienced management. He emphasized that the move allows Six Flags to concentrate on assets with the greatest long-term growth potential while continuing to deliver high-quality guest experiences.
After the sale, Six Flags plans to operate 34 parks across 23 locations in North America for the 2026 season.
The transaction is anticipated to be finalized by late Q1 or early Q2, subject to regulatory approvals and customary closing conditions. Perella Weinberg Partners served as financial advisor, while Weil, Gotshal & Manges LLP acted as legal counsel for the deal.
