M&A Deal Summary |
|
|---|---|
| Date | 2023-09-18 |
| Target | Lucky Strike Entertainment |
| Sector | Leisure |
| Buyer(s) | Bowlero |
| Sellers(s) | Wellspring Capital Management |
| Deal Type | Add-on Acquisition |
| Deal Value | 90M USD |
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Bowlero is an owner and operator of bowling centers in the world, with more than 300 locations, across the U.S., Mexico, and Canada specializing in corporate and private events as well as league and retail bowling. Bowlero portfolio of bowling center brands includes Bowlero, Bowlmor Lanes, AMF Bowling Co., and Brunswick Zone, serving over 28 million guests each year. Bowlero was founded in 1997 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 12 of 13 |
| Sector (Leisure) | 7 of 7 |
| Type (Add-on Acquisition) | 11 of 12 |
| State (California) | 1 of 1 |
| Country (United States) | 12 of 13 |
| Year (2023) | 6 of 6 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-07-20 |
Mavrix
Scottsdale, Arizona, United States Mavrix is an entertainment company showcasing 22 lanes of bowling, a laser tag arena, an expansive arcade with over 85 games, a full-service restaurant, and multiple sports bars. Mavrix is based in Scottsdale, Arizona. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-05-09 |
Thunderbowl Lanes
Allen Park, Michigan, United States Thunderbowl Lanes provides 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. Thunderbowl Lanes was founded in 1962 and is based in Allen Park, Michigan. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1995 |
| PE ASSETS | 4.5B USD |
| Size | Large |
| Type | Sector Agnostic |
Wellspring Capital Management is a mega-sized private equity firm that focused on a variety of transaction situations. The Firm will consider buyouts of private companies, acquisitions of divisions or subsidiaries of public companies, shareholder liquidity needs, partnering with entrepreneurs for growth opportunities, and special situations. Wellspring does not have any sector preferences and is capable of pursuing transactions valued up to $1 billion. Wellspring Capital Management was formed in 1995 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 36 of 37 |
| Sector (Leisure) | 2 of 2 |
| Type (Add-on Acquisition) | 12 of 12 |
| State (California) | 1 of 1 |
| Country (United States) | 32 of 33 |
| Year (2023) | 1 of 1 |
| Size (of disclosed) | 10 of 10 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-03-08 |
Resco Products
Pittsburgh, Pennsylvania, United States Resco Products is a designer and manufacturer of refractory materials. Refractories are consumable materials used as protective linings for high-temperature furnaces, containers carrying molten metals, and a range of other harsh environment industrial situations. Resco Products was founded in 1946 and is based in Pittsburgh, Pennsylvania. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-01-01 |
Pinnacle Service Brands
Rosemont, Illinois, United States Pinnacle Service Brands is a Planet Fitness franchisee operating across three distinct regions including the Great Lakes, Mid-Central and Southeast. Pinnacle Service Brands was founded in 2010 and is based in Rosemont, Illinois. |
Buy | - |
