- Along with brother Sid, led a creative team at Six Flags that built puppet shows for the amusement park.
- Cocreated the world's first indoor amusement park, the World of Sid and Marty Krofft, in Atlanta, Georgia, in 1976. The park closed after six months.
- Along with brother Sid, was honored with the Life Career Award from the Academy of Science Fiction, Fantasy and Horror in 2003.
- Sid Krofft — Brother
- Peter Krofft — Father