Six Flags Entertainment is selling seven of its parks to EPR Properties for $331 million in cash. This sale is part of the company’s plan to simplify its assets and lower its debt.

The parks being sold are in Minnesota, Missouri, Michigan, Texas, New York, and Quebec. Together, they attracted about 4.5 million visitors in 2025 and brought in around $260 million in net revenue and $45 million in adjusted EBITDA. After taxes and transaction costs, the money from the sale will help the company slightly reduce its debt.

EPR plans to work with Enchanted Parks to run the six parks in the United States. Six Flags La Ronde in Montreal will be managed by La Ronde Operations, led by industry veteran Kieran Burke. EPR will keep the rights to use the Six Flags brand until the end of 2026, as long as certain conditions are met. Guests and season pass holders should not see any major changes, and multi-park access will continue across the Six Flags network.

Chief Executive John Reilly says selling these parks is a key part of his plan to improve the company’s operations. He explained that the deal will let Six Flags focus its resources on parks that offer better returns. After the sale, the company will still have 34 parks in 23 locations across North America for the 2026 season.

The sale is expected to be completed by late in the first quarter or early in the second quarter, depending on regulatory and third-party approvals. Perella Weinberg Partners advised Six Flags on the deal, and Weil, Gotshal & Manges provided legal support.