Bowlero Corp. Completes Latest Acquisition in California

Rhea-AI Summary

Bowlero Corp. (NYSE: BOWL) has completed the acquisition of Double Decker Lanes, marking its 16th acquisition in 2022. This strategic move expands Bowlero's footprint in California to 46 locations. The Rohnert Park bowling center features 50 lanes, a full-service lounge, and various entertainment options. This location is set to open under Bowlero management on December 17. Bowlero continues to lead in the bowling entertainment industry, serving over 27 million guests annually through more than 300 centers across North America.

Positive

• Bowlero's acquisition enhances its market presence in California.
• Double Decker Lanes adds diverse entertainment options, potentially boosting revenue.
• The company continues to expand its portfolio with multiple acquisitions in 2022.

Negative

• None.

Adds Double Decker Lanes in Sonoma County to West Coast Presence

RICHMOND, Va.--(BUSINESS WIRE)-- Bowlero Corp., (NYSE: BOWL) the global leader in bowling entertainment, announced today that it has completed the acquisition of Double Decker Lanes. This is the Company’s 16^th completed acquisition in calendar year 2022.

Brett Parker, President & Chief Financial Officer of Bowlero Corp. stated, “We are pleased to announce this latest acquisition, adding to our impressive footprint in the state of California, which now includes 46 locations.”

Double Decker Lanes located in Rohnert Park, in Sonoma County, is a 50-lane bowling center featuring a full-service lounge, sports bar, a banquet room for private events, arcade games, billiards, and an elite pro shop.

Parker said, in closing, “We look forward to welcoming this location to our world-class portfolio and as always remain committed to our strategic growth initiative as we look forward to the new year.”

Double Decker Lanes is expected to open under Bowlero Corp. management on December 17^th.

About Bowlero Corp
Bowlero Corp. is the global leader in bowling entertainment, media, and events. With more than 300 bowling centers across North America, Bowlero Corp. serves more than 27 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

View source version on businesswire.com: https://www.businesswire.com/news/home/20221215005068/en/

For Media:

Bowlero Corp. Public Relations

PR@BowleroCorp.com



For Investors:

Bowlero Corp. Investor Relations

IRSupport@BowleroCorp.com

Source: Bowlero Corp.

FAQ

What is the significance of Bowlero's acquisition of Double Decker Lanes?

The acquisition expands Bowlero's presence in California and adds a new entertainment venue, potentially increasing revenue.

When will Double Decker Lanes open under Bowlero Corp. management?

Double Decker Lanes is expected to open on December 17.

How many locations does Bowlero have after acquiring Double Decker Lanes?

Bowlero now operates 46 locations in California.

What features does Double Decker Lanes offer?

Double Decker Lanes features 50 bowling lanes, a lounge, sports bar, banquet room, arcade games, and billiards.

How many acquisitions has Bowlero completed in 2022?

Bowlero has completed 16 acquisitions in 2022.