Adrenaline Family Entertainment buys Alabama Adventure from Southland Entertainment

Posted Thursday, May 22, 2008 9:28 AM | Contributed by Jason Hammond

Adrenaline Family Entertainment, Inc. announced today the acquisition of Alabama Adventure in Bessemer, Alabama. Adrenaline Family Entertainment is an amusement park operating company led by a team of former senior Six Flags Inc. executives and majority owned by Angelo, Gordon & Co., a New York-based investment management firm.

The seller, Southland Entertainment, LLC, acquired the park in 2003 and has since invested substantial capital, including introducing new rides and attractions. Southland will now turn its attention and resources to the development of the adjacent 157 acre parcel for which preliminary development plans include a hotel/indoor waterpark project, a possible RV park project and other commercial and retail development.

Read the entire press release on Private Equity Hub.

Related parks

Thursday, May 22, 2008 9:32 AM
Are there ANY smaller amusement park operating companies that are not made up of a team of former Six Flags executives?

--Dave Althoff, Jr.

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Thursday, May 22, 2008 10:07 AM
They do seem to spread like termites.
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Thursday, May 22, 2008 9:59 PM
Yes, PARC Management.
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Thursday, May 22, 2008 10:43 PM
^PARC Management does have people that worked for Six Flags.
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Friday, May 23, 2008 3:03 AM
I was going to suggest Koch Development Corporation (or whatever the heck it's called)...
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Friday, May 23, 2008 11:20 PM
^Well, if you are going to go there, than I would suggest Kennywood Entertainment....or at least up until a few days ago...
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Sunday, June 1, 2008 6:52 PM
Good news!!! I am looking for Alabama Adventure fans nationwide!!! Give me a hollar at tdbman@yahoo.com
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