Bowlero Announces the Acquisition of Thunderbowl Lanes in Michigan
RICHMOND, VA — Bowlero Corp. (NYSE: BOWL) (“Bowlero” or the “Company”), one of the world’s premier operators of location-based entertainment, announced today they have entered into a definitive agreement to acquire Thunderbowl Lanes in Allen Park, Michigan, including the business and the underlying 8 acres of land. This transaction is expected to close in June 2024 and will be funded through an all-cash transaction.
Thunderbowl Lanes is the largest bowling center in the United States. This expansive location spans over 98,000 sq. ft. and is home to 90 state-of-the-art bowling lanes, banquet and meeting rooms, a sports bar, billiards, and the Greater Detroit Bowling Association Hall of Fame. The acquisition of Thunderbowl Lanes marks the company’s sixth location in Michigan.
“We are pleased to announce the acquisition of Thunderbowl Lanes" stated Thomas Shannon, Founder and Chief Executive Officer of Bowlero. "Thunderbowl's impressive facilities and prime location near Detroit complement our existing portfolio, furthering our commitment to strategic growth and enhancing the guest experience in new markets. We eagerly anticipate integrating Thunderbowl Lanes into the Bowlero family as we continue our growth trajectory."
About Bowlero Corp
Bowlero is the global leader in bowling entertainment. With approximately 350 bowling centers across North America, Bowlero serves more than 40 million guests each year through a family of brands that includes Bowlero, Lucky Strike and AMF. In 2019, Bowlero 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, please visit BowleroCorp.com.