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Herschend Moves to Acquire Silverwood With Exclusive Term Sheet

The companies have entered due diligence under an exclusive agreement to transfer the family-run Idaho park to Herschend stewardship.

Overview

  • Herschend and Silverwood announced on Nov. 12, 2025 that they signed an exclusive term sheet for Herschend to acquire Silverwood Theme Park and Boulder Beach Water Park.
  • The parties have begun due diligence and are working toward finalizing transaction terms, with the deal not yet closed.
  • Silverwood spans a 400-acre site with more than 70 rides and attractions and draws hundreds of thousands of visitors annually.
  • Founded in 1988 by Gary Norton, the park has been run by the Norton family for more than 35 years across three generations.
  • Herschend operates more than 40 family entertainment brands including Dollywood and Silver Dollar City and recently added parks from Palace Entertainment such as Kennywood, Adventureland, and Lake Compounce.