Bowlero Acquires Lucky Strike Entertainment For $90M, Adding 14 Locations Across Nine States
Portfolio Pulse from Shivani Kumaresan
Bowlero Corp (NYSE:BOWL) has agreed to acquire Lucky Strike Entertainment LLC for $90 million in an all-cash transaction. The acquisition will add 14 upscale bowling centers across nine states to Bowlero's portfolio, increasing its national footprint to 343 centers in 35 states.
May 31, 2023 | 1:29 pm
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Bowlero's acquisition of Lucky Strike Entertainment for $90 million will expand its national footprint, adding 14 upscale bowling centers across nine states.
The acquisition of Lucky Strike Entertainment will significantly expand Bowlero's national footprint, adding 14 upscale bowling centers across nine states. This expansion is likely to have a positive impact on the company's revenues and growth prospects, making it a positive short-term catalyst for BOWL's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100