Bowlero Corp. announced that it has entered into a definitive agreement to acquire substantially all of the assets of Lucky Strike Entertainment, LLC, the upscale bowling company with 14 locations across nine states. Bowlero owns Bowl America on Clopper Road in Gaithersburg and Bowlero Rockville on Shady Grove Rd in Gaithersburg. The acquisition adds the Lucky Strike brand, which has a Montgomery County location in Bethesda’s Montgomery Mall, and all other locations to Bowlero Corp.’s portfolio of bowling centers in North America, furthering its position as a 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. Additional information below, courtesy of the press release:
Thomas Shannon, Founder and CEO of Bowlero Corp., said, “Lucky Strike is a premier experiential entertainment brand, and we could not be more excited to add its world-class portfolio to ours. Lucky Strike’s impressive family of locations in flagship cities across the country naturally complements our national footprint, immediately launching our presence in major cities like Boston, Chicago and Denver.”