Kennywood, Idlewild and Sandcastle are being sold to a new company. Madrid-based Parques Reunidos has agreed to sell the parks to Herschend, the same company that owns award-winning destinations such as Dollywood, Silver Dollar City Parks and Resorts, and Wild Adventures theme parks.

Kennywood amusement park and Sandcastle water park will be sold to Herschend under a sales agreement with the previous owner.

Herschend, the world’s largest family-owned themed attractions company, which owns Dollywood, has purchased Palace Entertainment's U.S. theme and water parks. Kennywood, , Sandcastle and Idlewild Park were part of the Palace Entertainment.