EFA Partners facilitated the sale of three Hawaiian Falls waterparks in Texas from ProParks Attractions Group to Ripley's Believe It or Not!, enhancing Ripley's family entertainment portfolio.

Target Information

EFA Partners has announced its role as the exclusive sell-side advisor to ProParks Attractions Group, facilitating the successful sale of three Hawaiian Falls waterparks situated in Texas to Ripley's Believe It or Not! World Entertainment. These waterparks, located in Mansfield, Roanoke, and Waco, have served as family-friendly destinations, featuring a variety of attractions including water slides, lazy rivers, and wave pools.

The Mansfield waterpark spans 13 acres and is situated in one of the fastest-growing suburbs of the Dallas market. Roanoke's 9-acre park boasts one of North America’s largest play structures, while the Waco facility offers 10 waterslides among other attractions. ProParks acquired these parks in 2017, and under the guidance of their experienced executive team, they have successfully enhanced attendance and guest satisfaction through operational improvements and strategic capital investments.

Industry Overview

The waterpark industry in the United States, particularly in Texas, has seen robust growth driven by increasing consumer demand for family-oriented entertainment options. Waterparks are becoming increasingly popular as a