Early in 1996, Kennywood Entertainment, owners of Pittsburgh's Kennywood amusement park, signed an agreement to purchase Lake Compounce. That year the park added a few more new rides and a Boomerang Roller Coaster which was actually purchased by previous operators. The park prospered as it was positioned as a family medium-sized amusement park rather than a thrill park. In 2000, the roller coaster Boulder Dash was opened, and later received the 2004 Golden Ticket Award for the #1 rated Wooden roller coaster by "Amusement Today." In late 2007, Kennywood Entertainment Company sold its parks to Spain-based Parques Reunidos.