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Bowlero Completes Acquisition Of Lucky Strike

Sep 18, 2023•almost 2 years ago

Acquiring Company

Bowlero

Acquired Company

Lucky Strike

Description

Bowlero Corp. (NYSE: BOWL) (“Bowlero” or the “Company”), the world’s largest owner and operator of bowling centers, today announced the close of its previously announced agreement to acquire Lucky Strike Entertainment, LLC (“Lucky Strike”) in an all-cash transaction valued at approximately $90 million.

Company Information

Company

Bowlero

About

Bowlero Corp. is the worldwide leader in bowling entertainment, media, and events. With more than 300 bowling centers across North America, Bowlero Corp. serves more than 26 million guests each year through a family of brands that includes Bowlero, Bowlmor Lanes, and AMF. In 2019, Bowlero Corp. acquired the Professional Bowlers Association, the major league of bowling, which boasts thousands of members and millions of fans across the globe. For more information on Bowlero Corp., please visit BowleroCorp.com. For Media:Bowlero Corp. Public Relationspr@bowlerocorp.com For Investors:ICR, Inc.Ryan LawrenceRyan.Lawrence@icrinc.com Ashley DeSimoneAshely.desimone@icrinc.com

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M&A Insights

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Integration timeline
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Tech stack consolidation
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Post-acquisition investment
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