Wellspring Capital Management LLC, a New York-based private equity firm, closed the acquisition of Lucky Strike Entertainment, LLC, a Sherman Oaks, California-based operator of upscale entertainment venues.
The financial terms of the transaction were not disclosed.
The investment will support the company through its next phase of growth.
Founded in 2003 by Steven Foster and Kevin Troy, Lucky Strike is a creator and operator of entertainment venues featuring premium bowling lanes, handcrafted food and spirits, occasional live music performances, and a broad assortment of high-tech games. The company has 21 venues located across 12 states and Washington, D.C.