Bowlero Corp Continues Midwest Expansion - Enters the Omaha Market with Two Acquisitions
This marks Bowlero Corps 16th definitive agreement of 2022 with nine completed acquisitions
RICHMOND, Va., Oct. 13, 2022 /PRNewswire/ -- Bowlero Corp., (NYSE: BOWL) the world's leader in bowling entertainment, announced today that it has entered into a definitive agreement to acquire The Mark near Omaha, NE and has completed the acquisition of Thunderbowl in nearby Council Bluffs, IA. The remaining seven acquisitions under definitive agreements are moving towards completion in the coming months.
The Mark, located in Elkhorn, NE, is a state-of-the-art family entertainment center offering a wide variety of activities such as bowling, leagues and events. This center is over 85,000 sq. ft. and is home to 40 lanes, basketball and volleyball courts, an arcade, full-service kitchen and a sports bar.
Thunderbowl features 32 lanes, an interactive arcade and an on-site pro-shop. Also, located at this location is McCoy's Bar and Grill, a full-service restaurant known for their outdoor patio with fire-pits and flat screens.
"We have been considering the Omaha market for some time and fortunately excellent acquisition opportunities arose," said Thomas Shannon, Founder and CEO of Bowlero Corp. "These two venues are undoubtedly great additions to our growing portfolio."
The addition of these two locations is part of Bowlero Corp's growth strategy, expanding the company's footprint in key markets.
Thunderbowl will officially open under Bowlero Corp's management as of October 14th. The acquisition of The Mark is expected to be completed in mid-November.
Thus far in FY23 Bowlero Corp entered into eight definitive agreements, with four completed acquisitions.
About Bowlero Corp
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 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
Media Contact: The Door, bowlero@thedooronline.com
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SOURCE Bowlero Corp
