Bowlero Corp. Completes Latest Acquisition in The Omaha Market

Rhea-AI Summary

Bowlero Corp. (NYSE: BOWL) has announced the completion of its acquisition of The Mark, a premier family entertainment center in Elkhorn, NE, marking its 14th acquisition in 2022. This acquisition strengthens Bowlero's presence in the Omaha market, complementing their previous acquisition of Thunderbowl. The Mark features 40 bowling lanes, sports facilities, an arcade, and dining options within an expansive 85,000 sq. ft. space. CEO Brett Parker emphasized the company's focus on acquisition-driven growth.

Positive

• Acquisition of The Mark enhances Bowlero's presence in Omaha, a key market.
• The Mark adds a state-of-the-art entertainment center to Bowlero's portfolio.
• This is Bowlero's 14th acquisition in 2022, indicating strong growth momentum.

Negative

• None.

RICHMOND, Va.--(BUSINESS WIRE)-- Bowlero Corp., (NYSE: BOWL) the global leader in bowling entertainment, announced today that it has completed the acquisition of The Mark located outside of Omaha, NE. This is the Company’s 14^th completed acquisition in calendar year 2022.

Brett Parker, President & Chief Financial Officer of Bowlero Corp. stated, “We are happy to announce the completion of our latest acquisition, strengthening our footprint in the key market of Omaha.”

The Mark, located in Elkhorn, NE, is a state-of-the-art family entertainment center offering a wide variety of activities including open bowling, league play, parties, and events. This location is over 85,000 sq. ft. and is home to 40 lanes, basketball and volleyball courts, an arcade, a full-service kitchen, and a sports bar. The Mark is Bowlero Corp.’s second completed acquisition in the Omaha market in calendar year 2022, following Thunderbowl, which opened under Bowlero Corp. management on October 14^th.

Parker said, in closing “As we welcome this world-class location to our growing portfolio, we remain focused, as always, on the pipeline of deals fueling our acquisition-driven growth.”

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

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Source: Bowlero Corp.

FAQ

What company did Bowlero Corp. acquire recently?

Bowlero Corp. recently acquired The Mark, a family entertainment center located in Elkhorn, NE.

How many acquisitions has Bowlero Corp. completed in 2022?

Bowlero Corp. has completed 14 acquisitions in the calendar year 2022.

What features does The Mark offer?

The Mark offers 40 bowling lanes, basketball and volleyball courts, an arcade, and a full-service kitchen in an 85,000 sq. ft. facility.

Why is the Omaha market significant for Bowlero Corp.?

The Omaha market is significant for Bowlero as it expands their footprint and enhances their presence in a key geographical area.

What did Bowlero Corp.'s CFO say about the acquisition?

CFO Brett Parker stated that the acquisition strengthens Bowlero's footprint in Omaha and highlights their focus on acquisition-driven growth.