Bowlero Corp. to Acquire Lucky Strike

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May 31, 2023

Bowlero Corp. (NYSE: BOWL), the global leader in bowling entertainment, announced today that it has entered into a definitive agreement to acquire substantially all of the assets of Lucky Strike Entertainment, LLC (“Lucky Strike”), the upscale bowling company with 14 locations across nine states. The acquisition adds the iconic Lucky Strike brand and locations to Bowlero Corp.’s expansive portfolio of bowling centers in North America, furthering its position as the leader in bowling entertainment. Bowlero will acquire the Lucky Strike business in an all-cash transaction valued at approximately $90 million. The transaction is expected to close in the first half of Bowlero’s Fiscal Year 2024, and is subject to customary closing conditions.