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Herschend Buys Silverwood and Boulder Beach, Extending Reach Into the Northwest

The family-owned Idaho parks move to a growing operator reshaping its portfolio after the Palace Entertainment deal.

Overview

  • Herschend purchased Silverwood Theme Park and Boulder Beach Water Park in Athol, Idaho, adding the Northwest’s largest park to its lineup.
  • The acquisition lifts Herschend’s U.S. portfolio to nearly 50 theme parks, aquariums, and other attractions.
  • Silverwood’s longtime owners, the Norton family, said they chose Herschend for shared values and a long-term approach.
  • After acquiring Palace Entertainment earlier this year, Herschend sold three properties to Lucky Strike Entertainment and shut two smaller Georgia parks as part of a portfolio reset.
  • Herschend attractions draw about 20 million visitors annually, and industry chatter points to potential West Coast deals if larger operators divest assets.