Cedar Fair’s $261 Million Acquisition of Iconic Texas Water Parks and Resort

Squire Patton Bogs advised Cedar Fair Entertainment Company in the transaction.

Cedar Fair Entertainment Company executed the acquisition of two water parks and a resort in Texas – Schlitterbahn Waterpark and Resort New Braunfels and Schlitterbahn Waterpark Galveston, for a cash purchase price of US$261 million.

The acquisition advances Cedar Fair’s strategy to increase its presence in growing and attractive markets, further diversifying its portfolio of parks and leveraging its management expertise.

With completion of the transaction, Cedar Fair’s portfolio now consists of 11 amusement parks, four outdoor water parks, an indoor water park and resort accommodations totaling more than 2,000 rooms and more than 600 luxury RV sites. Combined, the 15 parks and resorts will entertain more than 27 million guests annually.

Squire Patton Bogs advised Cedar Fair on environmental, employment, regulatory, tax, intellectual property and real estate issue with a team led by Cipriano S. Beredo (Picture), with Michael K. French, Michael Trivisonno and Katlyn A. Patton.

Involved fees earner: Cipriano Beredo – Squire Patton Boggs; Michael French – Squire Patton Boggs; Katlyn Patton – Squire Patton Boggs; Michael Trivisonno – Squire Patton Boggs;

Law Firms: Squire Patton Boggs;

Clients: Cedar Fair;

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Author: Ambrogio Visconti