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Bowlero Corp Announces Agreement To Acquire Three Bowling Centers In Wichita, Kansas

May 23, 2022•about 3 years ago

Acquiring Company

Bowlero

Acquired Company

Three Bowling Centers

Description

Bowlero Corp. (“Bowlero” or the “Company”), the world’s largest owner and operator of bowling centers, as well as the owner of the Professional Bowlers Association (PBA), announced today that it had entered into an agreement to acquire three bowling centers in Wichita, Kansas - Northrock Lanes, West Acres Bowling Center and The Alley Indoor Entertainment, expanding the company's footprint in the state to four locations.

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

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

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