Houlihan Lokey Advises PBA on Sale to Bowlero Corp.

Houlihan Lokey is pleased to announce that the Professional Bowlers Association (PBA) has been acquired by Bowlero Corp. The transaction closed on September 9, 2019.

The PBA is an organization of more than 3,000 members from 30 countries who compete in a multilevel competition program each year, which includes the Go Bowling! PBA Tour, PBA International Tour, PBA Regional Tour, PBA Women's Regional, and PBA50 Tour events. The 2019 season marked the 60th consecutive year of nationally televised competition, reaching bowling fans around the world who watch the PBA on FOX and CBS Sports Network and follow PBA activities through the PBA's OTT platform, Flo Bowling.

Bowlero Corp. is the largest owner and operator of bowling centers in the world, with more than 300 locations across the U.S., Mexico, and Canada, specializing in corporate and private events as well as league and retail bowling. The company's portfolio of bowling center brands includes Bowlero, Bowlmor Lanes, AMF Bowling Co., and Brunswick Zone, serving more than 28 million guests each year.

Houlihan Lokey served as the exclusive financial advisor to the PBA.