Cedar Fair LP is looking to invest about $10 million to $15 million over the next two to three years in the Schlitterbahn water parks in New Braunfels and Galveston, which the company has agreed to buy.

The Sandusky, Ohio-based theme park operator, which does business as Cedar Fair Entertainment Co., plans to spend the next couple of weeks conducting due diligence on the two Texas water parks, having entered into an agreement to buy them for $261 million. That agreement includes the right to buy Schlitterbahn’s water park in Kansas City, Kansas, for an additional $6 million.

Prior to the agreement, Schlitterbahn Galveston recently opened their newest attraction Infinity Racers.

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