Bowlero Corp. Completes Two Acquisitions in Florida

Rhea-AI Summary

Bowlero Corp. (NYSE: BOWL) has successfully acquired Bowland Cape Coral and HeadPinz Cape Coral, expanding its presence to 31 centers in Florida. The newly branded locations will open to the public on April 28th. Bowland Cape Coral features 33 lanes, a private event space, arcade games, and a full-service bar, while HeadPinz Cape Coral offers an 18-lane setup with over 40 arcade games and VIP space. CEO Thomas Shannon expressed enthusiasm for entering the Cape Coral community and emphasized the company's growth initiatives and future expansion opportunities in 2023.

Positive

• Expansion to 31 centers in Florida enhances market presence.
• New locations offer diverse entertainment options, including event spaces and arcade games.
• Strategic acquisitions align with growth initiatives for further expansion in 2023.

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 Bowland Cape Coral and HeadPinz Cape Coral. Both locations are expected to open to the public on April 28th under the Bowlero name.

Thomas Shannon, Founder and CEO of Bowlero Corp. said “We are pleased to announce the completion of these two acquisitions, expanding our footprint to 31 centers in the state of Florida.”

Bowland Cape Coral, opening under Bowlero Coral, is a 33-lane bowling center featuring a private event space for parties and events, league play, arcade games, and a full-service bar and restaurant. Located five miles away, HeadPinz Cape Coral, now Bowlero Midpoint, is an 18-lane center with a state of the art arcade with over 40 games and VIP private event space.

“We look forward to entering this community, bringing the Bowlero experience to a new audience, and as always, we continue to remain committed to our growth initiative as we look ahead to further expansion opportunities in 2023,” said Shannon in closing.

About Bowlero Corp

Bowlero Corp. is the global leader in bowling entertainment, media, and events. With more than 325 bowling centers across North America, Bowlero Corp. serves more than 30 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 recent acquisitions has Bowlero Corp. made?

Bowlero Corp. has acquired Bowland Cape Coral and HeadPinz Cape Coral.

When will the new Bowlero locations open?

The new Bowlero locations are set to open on April 28th.

How many centers does Bowlero Corp. operate in Florida after the acquisitions?

Bowlero Corp. now operates 31 centers in Florida.

What features do the new Bowlero locations offer?

The new locations feature bowling lanes, arcade games, private event spaces, and dining options.

What is Bowlero Corp.'s growth strategy?

Bowlero Corp. is committed to expanding its footprint and exploring further opportunities for growth in 2023.