Bowlero to acquire Paradise Lanes Entertainment Center in Washington State

Bowlero announced that it has entered into a definitive agreement to acquire Paradise Lanes Entertainment Center in Washington State. Paradise Lanes Entertainment Center is located in Tacoma, WA, 32 miles southwest of Seattle. This center features 32 bowling lanes, an arcade, billiards, a full service bar and restaurant, and VIP party rooms. The acquisition of Paradise Lanes Entertainment Center marks Bowlero Corp.’s 4th location in the state of Washington. "We are pleased to announce our continued expansion in the state of Washington," stated Brett Parker, President & Chief Financial Officer of Bowlero. "Our pipeline of acquisitions remains robust as we enter our first definitive agreement of the calendar year. We are pleased to continue our growth with this latest acquisition and look forward to welcoming this center to our portfolio." No terms for the transaction were given in the press release.