Former Six Flags Executives Take Over Alabama Adventure!!! Adrenaline Family Entertainment, Inc. announced on May 22, 2008 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. I was at the park on yesterday and I am pleased to report that the park looks great and every ride was operating. The new owners are already making a strong emphasis on cleanliness and friendliness. The park was packed out, but it appeared everyone was having a blast even in the heat. I will post more in my trip report, including a nugget of things to come. Stay tuned . . . |