CANCUN, Mexico (March 31, 2025) — The Dolphin Company, the largest aquatic theme park operator in Latin America and a global leader in dolphin experiences, has voluntarily filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the District of Delaware.
The filing is aimed at restructuring the company’s capital structure, addressing financial obligations, and ensuring the continuation of operations across its 30 parks in eight countries. The company is securing debtor-in-possession (DIP) financing from its existing lending groups to support operations during the restructuring process.
“This restructuring will best enable the company to restructure under Chapter 11, a well-recognized court-approved process, while improving the welfare of our animals, ensuring a seamless experience for employees, and delivering an enhanced guest experience,” said Independent Director Steven Strom of Odinbrook Global Advisors.
Oversight of the business will now be shared between Strom and Chief Restructuring Officer Robert Wagstaff of Riveron Management Services. The leadership transition is intended to guide the company toward long-term financial stability and growth.
“Our focus is on achieving the best possible outcomes for the company, including best-in-class habitats and living conditions for our animals,” Wagstaff said.
The company stated it will continue to work with regulatory agencies and experts in marine biology and veterinary medicine to ensure the health and safety of the animals in its care.
Founded with a mission to “create and share unforgettable experiences in harmony with the environment,” The Dolphin Company emphasized that animal welfare, employee stability and guest experience will remain top priorities throughout the restructuring.
Legal and financial advisors involved in the process include Young Conaway Stargatt & Taylor LLP, Odinbrook Global Advisors, Riveron Management Services and Riveron Consulting. The company is also in the process of engaging an investment banking advisor.
