Bowlero To Acquire 17 Bowl America Centers

NEW YORK, May 28, 2021 /PRNewswire/ -- Bowlero Corp, the worldwide leader in bowling entertainment, announced today it has entered into a definitive merger agreement with Bowl America Incorporated (NYSE American: BWL-A), under which Bowlero Corp will acquire Bowl America.

Upon completion of the transaction, Bowlero Corp, the owner and operator of over 300 bowling center locations in North America, will acquire Bowl America's 17 bowling centers in Florida, Virginia and Maryland.

"Bowlero Corp is committed to delivering a world class bowling experience to the 28 million-plus guests we serve each year and we're thrilled to welcome Bowl America's 17 centers to our portfolio," said Tom Shannon, Chairman and CEO of Bowlero Corp. "This acquisition supports our ongoing strategic efforts to grow and revitalize all aspects of the bowling industry."

The acquisition is subject to stockholder approval and other customary closing conditions.