Bowlero Corp. Announces Acquisitions in Arizona
20 Juillet 2023 - 10:30PM
Business Wire
Definitive agreement signed to acquire
Mavrix and Octane Raceway
Bowlero Corp. (NYSE: BOWL), the global leader in bowling
entertainment, announced today they have entered into a definitive
agreement to acquire Mavrix and Octane Raceway in Scottsdale,
Arizona. This transaction is expected to close at the end of August
2023, and will be funded through an all cash transaction.
The acquisition of Mavrix and Octane Raceway will mark the
company’s 19th and 20th locations in Arizona. Mavrix is an
entertainment destination showcasing 22 lanes of bowling, a laser
tag arena, an expansive arcade with over 85 games, a full-service
restaurant, and multiple sports bars. Octane Raceway, also located
in the Pavilions at Talking Stick, is one of the most advanced
go-kart raceways in the United States featuring a year-round
indoor/outdoor track. This venue is home to Velocity VR,
interactive axe throwing, and the Brickyard Grill. Both locations
combined are over 100,000 square-feet which includes an outdoor
patio, equipped with a state-of-the-art entertainment
experience.
“The acquisitions of Mavrix and Octane Raceway align seamlessly
with our commitment to providing premium and immersive experiences
to our guests,” stated Thomas Shannon, Founder, President and CEO
of Bowlero Corp. “Our decision to incorporate these dynamic venues
in our growing portfolio exemplifies the company’s dedication to
furthering our position as the leader in the entertainment
space.”
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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