Bowlero Corp. on Friday said it completed the previously announced acquisition of the Big Event entertainment center in Cherry Hill.
This announcement marks the-based Virginia-based company’s first completed acquisition in calendar year 2023, out of a robust pipeline of remaining acquisitions.
Brett Parker, president and chief financial officer of Bowlero Corp., stated, “Today’s announcement illustrates our continued commitment to expanding our unit base and simultaneously improving our average unit volumes.”
The Big Event is a 36-lane center featuring billiards, pingpong, 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. This center opened under Bowlero Corp. management on Feb. 17.
Parker stated, “We look forward to welcoming this center to our growing national footprint and, as always, we remain focused on growth while continuing to prioritize a world-class experience for our guests.”
Thus far in fiscal year 2023, Bowlero Corp. has completed 12 acquisitions.
