Who owns Lucky Strike bowling?
Bowlero Corp. BOWL, -5.47% said Wednesday it agreed to pay $90 million for Lucky Strike Entertainment LLC. With the completion of the transaction, Bowlero has acquired all 14 Lucky Strike bowling centers. The deal is expected to close in the first half of Bowlero’s fiscal 2024.
This acquisition launches Bowlero into the heart of some of the U.S.’s largest cities, including Boston, Denver, Chicago, Los Angeles, Philadelphia, San Francisco, Honolulu, and more. Bowlero now projects 343 bowling centers in 35 states after the deal closes, up from 325.
The Lucky Strike bowling centers offer:
- A high-energy atmosphere
- A sophisticated menu
- Private event spaces
- Billiards
- First-class amusements
Their modern locations range in size from 24 lanes in Orange, CA and Philadelphia, PA, to smaller 8-lane locations in Chicago, IL and Somerville, MA.
Shannon concluded, “We plan to build upon the quality experience guests expect at Lucky Strike, while bringing Bowlero’s operational expertise and growth opportunities to these centers.” Since its first location opened in 2003 in the Hollywood & Highland Complex, Lucky Strike has built outstanding brand equity and held a differentiated place in the broader upscale entertainment landscape. Under Bowlero’s management, the company’s national footprint grows to 343 centers in 35 states.