Sunday, January 06, 2008
Parques Reunidos, based out of Madrid, Spain, has acquired Lake Compounce Amusement Park in Bristol, CT from Kennywood Entertainment. Kennywood purchased the park in 1996 during a time of financial and legal trouble for Lake Compounce. Over the last ten years, Kennywood has invested millions throughout the park. The addition of new water slides, a world class wooden roller coaster, and creating a family friendly environment has transformed Lake Compounce into an extremely successful park in the 21st century. Parques Reunidos also acquired four other parks that were under the ownership of Kennywood Entertainment. A press release from Kennywood emphasized that little will change for both employees and customers at the park. Lake Compounce opened in 1846 and has gone through many different owners since then.