“We are thrilled to be supporting Lucky Strike through its next phase of growth,” said Alex Carles, a managing partner at Wellspring. In January 2018, Wellspring closed its latest fund, Wellspring Capital Partners VI LP, at its hard cap of $1.4 billion. Sectors of interest include general industrial, business services, healthcare services, packaging, distribution, consumer, and restaurants. Wellspring invests in companies with $20 million to $100 million of EBITDA and $100 million to $1 billion of enterprise value. Wellspring’s experience in this space through investments such as Dave & Buster’s position us to be value-add partners to Steven, Kevin, and the rest of the Lucky Strike team.” Wellspring acquired Dave & Buster’s, an operator of upscale restaurant/entertainment complexes in 2006 and sold the company to Oak Hill Capital Partners in 2010. “The company has built an impressive brand in experiential retail, a standout area of growth within a dramatically shifting retail landscape. “Lucky Strike represents an exciting opportunity to build on Wellspring’s successful track record in the restaurant and entertainment sectors,” said Matthew Harrison, a partner at Wellspring. “We are extremely proud of what the brand has accomplished since our founding and look forward to accelerating our growth trajectory alongside Wellspring.” Lucky Strike was founded in 2003 by CEO Steven Foster and Kevin Troy and is headquartered in Sherman Oaks, CA ( “We are very pleased that Wellspring has invested in Lucky Strike given the firm’s prior successes supporting businesses in our space and many others,” said Mr. ![]() The company operates 21 locations in 12 states and Washington DC. Lucky Strike’s venues feature bowling lanes, food and spirits, occasional live music performances, and high-tech games. ![]() Wellspring Capital Management has acquired Lucky Strike Entertainment, an operator of venues that merge dining, nightlife and interactive entertainment.
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