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Richard Zimmerman (President and CEO) Matt Ouimet (Executive Chairman)

Revenue US$ 1.29 billion (2016)[1]

Operating income

US$ 316.9 million (2016)[2]

Net income

US$ 177.7 million (2016)[1]

Total assets US$ 1.973 billion (2016)[3]

Total equity US$ 159.3 million (2012)[3]

Number of employees

1,700 full time, 41,000 seasonal (June 2014)[4]

Website www.cedarfair.com

Cedar Fair's corporate headquarters at Cedar Point
Cedar Point
in Sandusky, Ohio

Cedar Fair, L.P., doing business as the Cedar Fair
Cedar Fair
Entertainment Company, is a publicly traded partnership headquartered at its Cedar Point amusement park in Sandusky, Ohio. The company owns and operates twelve amusement parks, two outdoor water parks, one indoor water park, and five hotels in the US and Canada.[5] Cedar Fair
Cedar Fair
also manages Gilroy Gardens
Gilroy Gardens
under contract with the city of Gilroy, California.[6]

Contents

1 History

1.1 Dick Kinzel era 1.2 Matt Ouimet era

2 Properties

2.1 Amusement parks 2.2 Water parks

2.2.1 Outdoor

2.2.1.1 Included with admission 2.2.1.2 Separate admission/property

2.2.2 Indoor

2.3 Former 2.4 Lodging and campgrounds

3 Fast Lane 4 Attendance 5 See also 6 References 7 External links

History[edit] Cedar Point
Cedar Point
opened in 1870 as a recreational area. The park was developed over the years going through only a few managements. The park belonged to the Cedar Point
Cedar Point
Pleasure Company. In 1974, Cedar Point Pleasure Company proposed building an amusement park in Cambridge Township, Michigan
Cambridge Township, Michigan
on the former Frontier City amusement park site. Those plans were abandoned in 1975.[7] Three years later, Cedar Point
Cedar Point
acquired Valleyfair. The name Cedar Fair
Cedar Fair
then was derived from the names of both parks, "Cedar" coming from Cedar Point
Cedar Point
and "Fair" coming from Valleyfair. Cedar Fair
Cedar Fair
was founded in 1983 then went public on April 29, 1987.[8] Dick Kinzel era[edit] The first acquisition of the new Cedar Fair
Cedar Fair
company came in 1992 when Cedar Fair
Cedar Fair
bought Dorney Park from Harris Weinstein. Cedar Fair
Cedar Fair
also bought Worlds of Fun
Worlds of Fun
from Hunt-Midwest in 1995.[9] One of the biggest acquisitions came in 1997 when Cedar Fair
Cedar Fair
bought Knott's Berry Farm from the Knott family.[10][11] This marked the first time Cedar Fair operated a year-round amusement park. The acquisition included operations of the Camp Snoopy
Camp Snoopy
indoor park at the Mall of America
Mall of America
in Bloomington, Minnesota. In 2005, Cedar Fair
Cedar Fair
withdrew from the lease arrangement leaving Mall of America
Mall of America
to manage the park on its own. Mall of America
Mall of America
formed a partnership with the Nickelodeon franchise in 2007, and continues to operate under the name Nickelodeon Universe. Several new water park properties named Knott's Soak City
Knott's Soak City
opened around the southern California area since the acquisition which included Buena Park in 1999, Chula Vista in 2000 and Palm Springs in 2001.[12][13] Michigan's Adventure
Michigan's Adventure
in Muskegon, Michigan
Muskegon, Michigan
was purchased for $27.6 million in 2001.[14] Cedar Fair
Cedar Fair
opened its first indoor water park in November 2004, Castaway Bay. It was added to the former Radisson Hotel which was then renamed. The indoor waterpark resort is open year-round.[15] Larger acquisitions followed in 2004 with Six Flags
Six Flags
World of Adventure. Cedar Fair
Cedar Fair
bought the park for $145 million from Six Flags Inc. and reverted its name back to Geauga Lake, the name the park used until its Six Flags
Six Flags
branding in 2000.[16][17] However, the park started losing attendance and various rides, leading to rumors of the park closing. On September 21, 2007, it was announced that Geauga Lake would close and only the connected water park would operate as Geauga Lake's Wildwater Kingdom.[18] Most of the rides at Geauga Lake
Geauga Lake
were sent to other Cedar Fair
Cedar Fair
parks to operate. In 2011, the water park's name was shortened to just Wildwater Kingdom, removing the Geauga Lake prefix.[19] WildWater Kingdom closed in 2016. The last operating day was September 5.[20] On May 22, 2006, Cedar Fair
Cedar Fair
announced it had outbid competitors and intended to purchase all five parks in the Paramount Parks
Paramount Parks
chain, including Star Trek: The Experience at the Las Vegas
Las Vegas
Hilton and the management agreement of Bonfante Gardens. On June 30, 2006, Cedar Fair announced that it had completed its acquisition of Paramount Parks from CBS Corporation
CBS Corporation
in a cash transaction valued at $1.24 billion USD.[21][22] Shortly following the transfer of ownership, Cedar Fair began the process of integrating the two companies. With the purchase of the Paramount Parks, Cedar Fair
Cedar Fair
LP announced that it would do business under the name Cedar Fair
Cedar Fair
Entertainment Company. Cedar Fair LP remains the legal company name.[23]

The 301-foot WindSeeker
WindSeeker
at Cedar Point
Cedar Point
which opened in 2011. Other models of the ride exist at Canada's Wonderland, Kings Island, Worlds of Fun, Carowinds
Carowinds
and Kings Dominion

The individual parks continued to operate under their Paramount names during the 2006 season, however Cedar Fair
Cedar Fair
began removing the Paramount name and logo from the parks in January 2007. The names of the parks were changed back to their original pre-Paramount names (the Paramount's prefix was removed) with the Cedar Fair
Cedar Fair
corporate logo added. Bonfante Gardens was changed to Gilroy Gardens. Cedar Fair began removing references to Paramount Pictures
Paramount Pictures
Although the acquisition granted Cedar Fair
Cedar Fair
a ten-year licensing deal for Paramount names and icons, such as Star Trek
Star Trek
and Batman, Cedar Fair
Cedar Fair
opted to terminate the agreement and not pay an annual licensing fee. All references to Paramount/CBS-licensed properties were removed before the beginning of the 2007 season.[24] In December 2009 it was announced that Apollo Global Management
Apollo Global Management
would offer Cedar Fair
Cedar Fair
$11.50[25][26] per share, a 28 percent premium over the market price, as part of a takeover plan which would also make Cedar Fair
Cedar Fair
a private company.[27] The deal included a cash payment of $635 million in addition to assuming Cedar Fair's debt of over $1.7 billion USD putting the total value of the transaction close to $2.4 billion USD. Cedar Fair
Cedar Fair
planned to hold a shareholder meeting on March 16, 2010 to vote on the transaction but postponed the meeting to April 8, 2010, implying that two-thirds of the shareholder vote needed for approval wasn't yet secured.[28] On April 6, 2010, the deal was terminated, and Cedar Fair
Cedar Fair
paid $6.5 million to reimburse Apollo for expenses incurred from the proposed transaction.[26][29] Cedar Fair also adopted a unitholder rights plan as a preventative measure to help protect unitholders in the event of any future hostile takeover.[30] On September 16, 2011, JMA Ventures, LLC entered into an agreement to purchase California's Great America
California's Great America
from Cedar Fair
Cedar Fair
and take ownership of the Gilroy Gardens
Gilroy Gardens
management contract.[31][32] The agreement required approval of Santa Clara's city council which was scheduled to vote on the matter on December 6, 2011. However, JMA cancelled its plans to purchase Great America and bowed out of the agreement.[33][34] Matt Ouimet era[edit] On June 20, 2011 Cedar Fair
Cedar Fair
announced that long term CEO Dick Kinzel would retire on January 3, 2012 and that Matt Ouimet will take his spot as the CEO of Cedar Fair.[35][36] Ouimet was employed by The Walt Disney Company for 17 years. He served as president of Disney Cruise Line and president of the Disneyland Resort. He officially became CEO on January 3.[36] Cedar Fair
Cedar Fair
launched new websites for their parks in 2012 as well as a new marketing campaign, Thrills Connect. On November 20, 2012, Cedar Fair
Cedar Fair
announced they had sold its Knott's Soak City: San Diego location to SeaWorld Parks & Entertainment.[37] About nine months later, Cedar Fair
Cedar Fair
announced it had sold its Knott's Soak City: Palm Springs location to CNL Lifestyle Properties.[38] On September 5, 2016, Cedar Fair
Cedar Fair
closed Wildwater Kingdom, the last operating part of the former Geauga Lake
Geauga Lake
& Wildwater Kingdom. All land that once contained both properties is now available for redevelopment. On October 4, 2017, Cedar Fair
Cedar Fair
announced that Ouimet would step down as CEO and be succeeded by COO Richard Zimmerman on January 1, 2018. Ouimet will remain with the company, taking the newly created position of executive chairman of the board of directors.[39] Properties[edit] Amusement parks[edit]

Name Location Year Opened Year Acquired Notes

California's Great America Santa Clara, California 1976 2006 Acquired in Paramount Parks
Paramount Parks
deal.

Canada's Wonderland Vaughan, Ontario, Canada 1981 2006 Cedar Fair's most visited seasonal park, acquired in Paramount Parks deal.

Carowinds Charlotte, North Carolina 1973 2006 Acquired in Paramount Parks
Paramount Parks
deal. A portion of the park is in Fort Mill, South Carolina.

Cedar Point Sandusky, Ohio 1870 Founding Franchise Cedar Fair's flagship park and the oldest park in the chain. Cedar Fair's corporate headquarters are at this park.

Dorney Park & Wildwater Kingdom Allentown, Pennsylvania 1884 1992 First park acquired under the Cedar Fair
Cedar Fair
name, acquired from Harris Weinstein.

Gilroy Gardens Gilroy, California 2001 2006 Currently in a management contract with Cedar Fair, acquired in Paramount Parks
Paramount Parks
deal.

Kings Dominion Doswell, Virginia 1975 2006 Acquired in Paramount Parks
Paramount Parks
deal.

Kings Island Mason, Ohio 1972 2006 Acquired in Paramount Parks
Paramount Parks
deal.

Knott's Berry Farm Buena Park, California 1940 1997 Cedar Fair's only park open year-round. Most visited Cedar Fair
Cedar Fair
park, acquired from Knott Family.

Michigan's Adventure Muskegon, Michigan 1956 2001 Acquired from the Jourden family.

Valleyfair Shakopee, Minnesota 1976 1978 Acquired by Cedar Point. Valleyfair
Valleyfair
and Cedar Point
Cedar Point
then formed Cedar Fair in 1987.

Worlds of Fun Kansas City, Missouri 1973 1995 Acquired from Hunt-Midwest.

Water parks[edit] Outdoor[edit] Included with admission[edit]

Name Location Year Opened Year Acquired Notes

Boomerang Bay California's Great America 2004 2006 Located within California's Great America, acquired in Paramount Parks deal.

Carolina Harbor Carowinds 1989 2006 Located within Carowinds, acquired in Paramount Parks
Paramount Parks
deal.

Oceans of Fun Worlds of Fun 1982 1995 Located adjacent to Worlds of Fun. In 2013, the water park became included with admission to Worlds of Fun.[40]

Soak City Kings Dominion 1992 2006 Located within Kings Dominion, acquired in Paramount Parks
Paramount Parks
deal.

Soak City Kings Island 1989 2006 Located within Kings Island, acquired in Paramount Parks
Paramount Parks
deal.

Soak City Valleyfair 1983 Built by Cedar Fair Located within Valleyfair.

Splash Works Canada's Wonderland 1992 2006 Located within Canada's Wonderland, acquired in Paramount Parks
Paramount Parks
deal.

WildWater Adventure Michigan's Adventure 1991 2001 Located within Michigan's Adventure.

Wildwater Kingdom Dorney Park 1985 1992 Located within Dorney Park.

Separate admission/property[edit]

Name Location Year Opened Notes

Knott's Soak City: Orange County Buena Park, California 1999 Located adjacent to Knott's Berry Farm. Opened under the name, Soak City U.S.A.

Cedar Point
Cedar Point
Shores Sandusky, Ohio 2017 Located adjacent to Cedar Point.

Indoor[edit]

Name Location Year Opened Notes

Castaway Bay Sandusky, Ohio 2004 Cedar Fair's only indoor water park, located about a mile from Cedar Point.

Former[edit]

Name Location Year Acquired Year Sold/Closed Notes

Geauga Lake Aurora, Ohio 2004 2007 Purchased from Six Flags
Six Flags
in 2004 for $145 million. Closed ride side in 2007, the water park, Wildwater Kingdom, closed on September 5, 2016.

Knott's Camp Snoopy Mall of America 1992 2005 In 2005, closed for renovation. MOA and Cedar Fair
Cedar Fair
dissolved their agreement in 2006. Now operates as a Nickelodeon Universe
Nickelodeon Universe
park.

Knott's Soak City: Palm Springs Palm Springs, California 2001 2013 Opened under the name, Oasis Water Park. Sold to CNL Lifestyle Properties.[38]

Knott's Soak City: San Diego Chula Vista, California 2000 2012 Opened under the name, White Water Canyon. Sold to SeaWorld Parks & Entertainment.[37]

Star Trek: The Experience Las Vegas, Nevada 2006 2008 Acquired in Paramount Parks
Paramount Parks
deal. Closed in 2008, Cedar Fair
Cedar Fair
lost rights to reopen the attraction from CBS Studios in 2010.

Wildwater Kingdom Aurora, Ohio 2005 2016 Located on former SeaWorld Ohio
Ohio
site.

Lodging and campgrounds[edit]

Hotel Breakers
Hotel Breakers
(Cedar Point) Cedar Point's Express Hotel (Cedar Point) Camper Village (Cedar Point) Lighthouse Point (Cedar Point) Castaway Bay Indoor Waterpark Resort (Cedar Point) Camp Wilderness (Kings Dominion) Knott’s Berry Farm Resort Hotel (Knott's Berry Farm) Worlds of Fun
Worlds of Fun
Village (Worlds of Fun) Carowinds
Carowinds
Camp Wilderness Resort (Carowinds)

Fast Lane[edit] Fast Lane is Cedar Fair's version of a virtual queue system. It was first announced for Kings Island
Kings Island
on July 18, 2011.[41] The park served as the testing park for it. For $50, visitors get a wrist band which gives them the ability to get to the front of the line on the parks most popular attractions. Originally, it could only be used from noon to 7:00 PM, but it was soon expanded to be available all day. On January 19, 2012, it was announced that Fast Lane would be rolled out at all the Cedar Fair
Cedar Fair
parks for the 2012 season.[42] There is also Fright Lane, which is Fast Lane for the haunted attractions during the Halloween events.[43] Attendance[edit] Cedar Fair
Cedar Fair
has some of the most visited seasonal parks in the North America with a combined 25.1 million people visiting their parks in 2016. Cedar Fair's most visited park is Knott's Berry Farm
Knott's Berry Farm
while the most visited seasonal park is Canada's Wonderland.[44] Parks organized with visitors per year:

3 million 2 million 1.5 million 1 million or fewer

Knott's Berry Farm[42] Carowinds[45] Valleyfair[42] Worlds of Fun[42]

Cedar Point[42] N/A Kings Dominion[42] Michigan's Adventure[42]

Canada's Wonderland[42] N/A Dorney Park & Wildwater Kingdom[42] N/A

Kings Island[42] N/A California's Great America[42] N/A

See also[edit]

Dick Kinzel, CEO of Cedar Fair
Cedar Fair
from 1986–2012 Incidents at Cedar Fair
Cedar Fair
parks

References[edit]

^ a b " Cedar Fair
Cedar Fair
Reports Record Results For 2016 On Strong Attendance And Guest Spending Growth Results". cedarfair.com. Sandusky, OH: Cedar Fair. February 19, 2014. Retrieved July 17, 2015.  ^ a b "Annual Report".  ^ a b "Cedar Fair, Form 10-K, Annual Report, Filing Date Feb 25, 2013" (PDF). secdatabase.com. Retrieved Mar 21, 2013.  ^ Topey, Melissa (June 8, 2014). "Minimum Wage fight". Sandusky Register. Retrieved June 10, 2014.  ^ "Cedar Fair, Form 8-K, Current Report, Filing Date Mar 8, 2013" (PDF). secdatabase.com. Retrieved Mar 21, 2013.  ^ "Properties". Cedar Fair
Cedar Fair
official site. Archived from the original on 18 August 2010. Retrieved 30 August 2010.  ^ "Ceder Point sells Cambridge Township property". Archived from the original on 31 July 2012. Retrieved 30 August 2010.  ^ "Cedar Fair, Form 10-K, Annual Report, Filing Date Mar 23, 1994". secdatabase.com. Retrieved Mar 21, 2013.  ^ "Cedar Fair, Form 10-Q, Quarterly Report, Filing Date Aug 9, 1995". secdatabase.com. Retrieved Mar 21, 2013.  ^ "Cedar Fair, Form 8-K, Current Report, Filing Date Jan 13, 1998". secdatabase.com. Retrieved Mar 21, 2013.  ^ Merritt, Christopher, and Lynxwiler, J. Eric. Knott's Preserved: From Boysenberry to Theme Park, the History of Knott's Berry Farm, pp. 156-60, Angel City Press, Santa Monica, CA, 2010. ISBN 978-1-883318-97-0. ^ "Cedar Fair, Form 10-K, Annual Report, Filing Date Mar 30, 2001". secdatabase.com. Retrieved Mar 21, 2013.  ^ "Cedar Fair, Form 10-K, Annual Report, Filing Date Apr 1, 2002" (PDF). secdatabase.com. Retrieved Mar 21, 2013.  ^ "Cedar Fair, Form 10-Q, Quarterly Report, Filing Date Nov 14, 2001". secdatabase.com. Retrieved Mar 21, 2013.  ^ "Cedar Fair, Form 424B2, Filing Date Jul 15, 2004" (PDF). secdatabase.com. Retrieved Mar 21, 2013.  ^ "Cedar Fair, Form 8-K, Current Report, Filing Date Apr 23, 2004". secdatabase.com. Retrieved Mar 21, 2013.  ^ Potter, Derek (2004-03-10). " Cedar Fair
Cedar Fair
Buys Six Flags
Six Flags
World of Adventure". Theme Park Insider. Retrieved 2007-12-20.  ^ "Cedar Fair, Form 8-K, Current Report, Filing Date Sep 26, 2007" (PDF). secdatabase.com. Retrieved Mar 21, 2013.  ^ "Aurora Wildwater Kingdom nixes Geauga Lake
Geauga Lake
name". wkyc news. Archived from the original on 19 September 2012. Retrieved 30 August 2012.  ^ "Wildwater Kingdom announces it will close after 2016 season". WKBN.com. 2016-08-20. Retrieved 2017-12-06.  ^ "Cedar Fair, Form 8-K, Current Report, Filing Date Jul 7, 2006". secdatabase.com. Retrieved Mar 21, 2013.  ^ " Cedar Fair
Cedar Fair
to Acquire Paramount Parks". The Point Online. 2006-05-22. Archived from the original on 2007-08-14. Retrieved 2007-12-20.  ^ " Cedar Fair
Cedar Fair
to call self entertainment company". Toledo Blade. October 25, 2006. Retrieved October 9, 2012.  ^ Jon Chavez (May 23, 2006). "Cedar Point's parent firm buys 5 additional parks for $1.24 billion". Toledo Blade. Retrieved October 25, 2017.  ^ "Cedar Fair, Form 8-K, Current Report, Filing Date Dec 17, 2009". secdatabase.com. Retrieved Mar 21, 2013.  ^ a b "Cedar Fair: Takeover not happening". The Seattle Times. 6 April 2010. Archived from the original on 30 January 2013. Retrieved 19 November 2011.  ^ Samavati, Shaheen (16 December 2009). " Cedar Fair
Cedar Fair
to be acquired by New York private-equity firm". Cleveland.com. Retrieved 19 November 2011.  ^ "UPDATE: Knott's grandson weighs in on sale delay". The Orange Register. 16 March 2010. Archived from the original on 20 July 2011. Retrieved 19 November 2011.  ^ "Cedar Fair, Form 8-K, Current Report, Filing Date Apr 6, 2010" (PDF). secdatabase.com. Retrieved Mar 21, 2013.  ^ " Cedar Fair
Cedar Fair
and Affiliates of Apollo Global Management
Apollo Global Management
Mutually Terminate Merger Agreement". Cedar Fair
Cedar Fair
Entertainment Company. 6 April 2010. Retrieved 19 November 2011.  ^ "Cedar Fair, Form 8-K, Current Report, Filing Date Sep 21, 2011" (PDF). secdatabase.com. Retrieved Mar 21, 2013.  ^ " Gilroy Gardens
Gilroy Gardens
Management to Transfer to JMA Pending Approval of JMA's Acquisition of California's Great America". Gilroy Gardens. 22 September 2011. Archived from the original on 8 January 2012. Retrieved 7 December 2011.  ^ "Cedar Fair, Form 8-K, Current Report, Filing Date Dec 7, 2011" (PDF). secdatabase.com. Retrieved Mar 21, 2013.  ^ "JMA cancels $70M California Great America purchase". Business Journal. 6 December 2011. Retrieved 7 December 2011.  ^ "Cedar Fair, Form 8-K, Current Report, Filing Date Jun 24, 2011" (PDF). secdatabase.com. Retrieved Mar 21, 2013.  ^ a b "Press Releases :: Cedar Fair
Cedar Fair
Entertainment Company". Cedarfair.com. Archived from the original on 2012-03-14. Retrieved 2013-02-24.  ^ a b Weisberg, Lori (November 20, 2012). "Soak City to become a SeaWorld water park". Archived from the original on July 26, 2014. Retrieved November 20, 2012.  ^ a b " CNL Lifestyle Properties
CNL Lifestyle Properties
Acquires Southern California Water Park". PRWeb. August 13, 2013. Retrieved August 13, 2013.  ^ http://ir.cedarfair.com/newsroom/press-releases/news-release-details/2017/Cedar-Fair-Announces-Planned-Leadership-Succession/default.aspx ^ Shastry, Sangeeta (2012-08-31). " Oceans of Fun
Oceans of Fun
prepares for a huge expansion". KansasCity.com. Retrieved 2013-02-24.  ^ "kings island announces fast lane". newsplusnote on Blogspot.com. Retrieved 30 August 2012.  ^ a b c d e f g h i j k "Fun Forward Presentation" (PDF). Cedar Fair. 2012. Archived from the original (PDF) on 2012-01-31. Retrieved 2012-01-19.  ^ "cedar point 2012". point buzz. Retrieved 30 August 2012.  ^ "TEA/AECOM 2015 Global Attractions Attendance Report Report" (PDF). Themed Entertainment Association. 2016. Retrieved May 29, 2016.  ^ " Carowinds
Carowinds
breaks 2 million mark". Bizjournals.com. Retrieved 2017-03-05. 

External links[edit]

Wikimedia Commons has media related to Cedar Fair.

Official website Cedar Fair
Cedar Fair
SEC Filings

v t e

Cedar Fair

Amusement parks

California's Great America Canada's Wonderland Carowinds Cedar Point Dorney Park & Wildwater Kingdom Gilroy Gardens Kings Dominion Kings Island Knott's Berry Farm Michigan's Adventure Valleyfair Worlds of Fun

Water parks

Boomerang Bay Carolina Harbor Castaway Bay Cedar Point
Cedar Point
Shores Knott's Soak City
Knott's Soak City
(Buena Park) Oceans of Fun Soak City (Kings Island) Soak City (Kings Dominion) Soak City (Valleyfair) Splash Works WildWater Adventure Wildwater Kingdom (Allentown, Pennslyvania)

Former parks

Geauga Lake Knott's Camp Snoopy Knott's Soak City
Knott's Soak City
(San Diego and Palm Springs) Star Trek: The Experience Wildwater Kingdom (Ohio)

Other amenities

Camp Snoopy Dinosaurs Alive! Fast Lane Halloween Haunt Planet Snoopy WindSeeker

People

Matt Ouimet Dick Kinzel

Miscellaneous

Incidents at Cedar Fair
Cedar Fair
parks

Revenue: $1.16 billion USD (2014) Employees: 1,700 full time, 37,000 seasonal Stock Symbol: NYSE: FUN Webs

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