Lucky Strike Entertainment completed the acquisition of real estate underlying 58 locations for $306m.

Lucky Strike Entertainment, a provider of leisure and recreational services, completed the acquisition of real estate underlying 58 locations for $306m. “By acquiring the real estate underlying these 58 existing locations, we maximize our flexibility to optimize our capital structure and location footprint. As we continue to make progress in our business, this transaction provides incremental opportunities to drive deleveraging in the short and medium term. The purchase price highlights the long-term attractiveness of the stable and growing cash flows of our individual locations. The transaction is immediately accretive to earnings and cash flow and positions us to continue reinvesting in our most profitable venues and initiatives,” Bobby Lavan, Lucky Strike Entertainment Chief Financial Officer.