Six Flags Entertainment Corporation (NYSE: FUN) announced it is selling seven of its amusement parks to EPR Properties (NYSE: EPR) for $331 million.
The parks included in the transaction are Valleyfair (Minneapolis), Worlds of Fun (Kansas City, Missouri), Michigan’s Adventure (Grand Rapids), Schlitterbahn Waterpark Galveston (Galveston, Texas), Six Flags St. Louis (St. Louis), Six Flags Great Escape (Queensbury, New York), and Six Flags La Ronde (Montreal, Quebec). Collectively, the parks entertained approximately 4.5 million guests during 2025, approximately $260 million in net revenue.
EPR plans to partner with Enchanted Parks to run the six domestic properties and La Ronde Operations Inc., a company owned by Kieran Burke, to operate Six Flags La Ronde following completion of the transaction. EPR will retain the right to utilize the Six Flags brand through the end of 2026, subject to certain requirements, and no significant impact on guests is expected during this transition.
Six Flags said it plans to operate its remaining collection of 34 parks across 23 locations in North America for the 2026 season.
“Consistent with our strategy, this divestiture enables us 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 Six Flags President and CEO John Reilly. “Since joining the company, I have been clear that Six Flags’ earnings power has been under-realized. 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.”
Photo: Six Flags Valleyfair
