Bowlero Corp Continues Its Growth with Acquisitions in Texas and Florida
Bowlero Corp (NYSE: BOWL) announced its acquisition of three bowling centers: Mel's Lone Star Lanes in Greater Austin, TX, and Fiesta Bowl and Spanish Springs Lanes in The Villages, FL.
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Rhea-AI Summary
Bowlero Corp (NYSE: BOWL) announced its acquisition of three bowling centers: Mel's Lone Star Lanes in Greater Austin, TX, and Fiesta Bowl and Spanish Springs Lanes in The Villages, FL. This strategic expansion adds to Bowlero's footprint, marking 25 locations in Texas and enhancing its presence in Florida to 30 locations. Mel's has 40 lanes and offers various entertainment options, while both Florida locations feature 32 lanes and host competitive leagues. The acquisitions are set to finalize by the end of September 2022, supporting Bowlero's growth initiatives across North America.
Positive
- Acquisition of Mel's Lone Star Lanes increases Texas locations to 25.
- Addition of Fiesta Bowl and Spanish Springs Lanes expands Florida locations to 30.
- Mel's offers diverse attractions, enhancing guest experience.
- Strategic growth initiative supports geographical expansion.
Negative
- None.
Details
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Bowlero Corp expands in Greater Austin and The Villages
RICHMOND, Va., Sept. 7, 2022 /PRNewswire/ -- Bowlero Corp. (NYSE: BOWL), the world's leader in bowling entertainment, announced today that it has acquired three bowling centers in two metro markets - Mel's Lone Star Lanes in Greater Austin, TX and Fiesta Bowl and Spanish Springs Lanes in The Villages, FL. The addition of these three locations is part of the Bowlero Corp. growth initiative, expanding the company's geographical footprint across North America.
Mel's Lone Star Lanes is located in the metro market of Greater Austin in Georgetown, TX and has officially opened under Bowlero Corp management as of September 3, 2022. With 40 lanes, this center offers a wide variety of attractions including cosmic bowling, arcade games, shuffleboard, party rooms and a sports bar. Mel's Lone Star Lanes will mark the company's 25th location in Texas.
"It's an exciting acquisition that brings us back into the Greater Austin market and supports our ongoing strategic efforts," said Thomas Shannon, Founder and CEO of Bowlero Corp. "Mel's Lone Star Lanes will continue to bring the best in bowling and entertainment to the Georgetown community, while introducing exclusive benefits from the Bowlero team."
In Florida, the acquisition of Fiesta Bowl and Spanish Springs Lanes located in The Villages, approximately 20 miles south of Ocala and 45 miles northwest of Orlando, will widen Bowlero Corp's footprint to 30 locations in the state. Both locations consist of 32 lanes and are home to both competitive and social leagues throughout the year.
"The Villages is a well-known community in Florida with some of the nations most dedicated bowlers," said Shannon. "As a company we prioritize the guest experience above all and plan to bring the quality Bowlero experience into The Villages community."
The completion of the acquisitions for Fiesta Bowl and Spanish Springs Lanes is expected at the end of September.
Bowlero Corp. is the worldwide leader in bowling entertainment, media, and events. With more than 300 bowling centers across North America, Bowlero Corp. serves more than 26 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.
Media Contact: The Door, Bowlero@thedooronline.com
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SOURCE Bowlero Corp
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