Bowlero Corp. announces definitive agreement in N.J. as robust growth continues

Bowling entertainment company Bowlero Corp. on Thursday announced it entered into a definitive agreement to acquire the Big Event in Cherry Hill.

The Big Event is a 36-lane center featuring billiards, ping pong, shuffleboard, arcade games and VIP private event rooms. Also located in this center is Erlton Social Craft Bar & Kitchen, a contemporary dining experience known for its vibrant atmosphere, unique menu and selection of craft beers and cocktails. The completion of this acquisition is expected in early calendar 2023.

Brett Parker, president and chief financial officer of Bowlero Corp., stated: “Today’s announcement further illustrates our commitment to expansion via acquiring new locations across the country and furthering our presence opportunistically in markets such as Wisconsin and New Jersey. We look forward to welcoming these locations into our growing footprint.”

At the same time, Bowlero said it acquired Sabre Lanes in Wisconsin. With today’s announcement, the company has completed 13 acquisitions so far in calendar year 2022, and has a pipeline of four definitive agreements outstanding.