Great Wolf Resorts to be acquired by investment firm

Freeman Staff

March 24, 2015

MADISON - Great Wolf Resorts, Inc. announced Tuesday it will be acquired by an investment firm that is an affiliate of Centerbridge Partners, L.P.

Great Wolf is North America’s largest group of indoor waterpark resorts and has a location in the Wisconsin Dells.

According to the announcement, Great Wolf is currently controlled by funds affiliated with Apollo Global Management, LLC.

“This is an exciting next chapter for Great Wolf Resorts. During our partnership with Apollo we saw tremendous growth for our company, including opening our twelfth Great Wolf Lodge in Fitchburg, Mass. and having our thirteenth under construction in Garden Grove, Calif. Now as we join Centerbridge’s portfolio, we look forward to continuing to provide families with amazing experiences at each of our lodges,” said Kimberly K. Schaefer, CEO of Great Wolf, in a statement.

Great Wolf Resorts employs more than 5,000 people. The merger agreement was unanimously approved by the board of directors of Great Wolf. The transaction is expected to close in the second quarter of 2015, subject to customary closing conditions. Terms of the transaction were not disclosed.