Wellspring Capital Acquires Lucky Strike Entertainment

Bowlero Corp. Acquires Lucky Strike Entertainment (14 Centers)

May 31, 2023

Restaurants & Hospitality

Bowlero Corp. agreed to acquire substantially all assets of Lucky Strike Entertainment, LLC, adding 14 upscale Lucky Strike bowling centers across nine U.S. states in an all-cash transaction valued at approximately $90 million. The acquisition expands Bowlero’s national footprint and launches the company into several major U.S. cities, increasing its portfolio of bowling and entertainment locations.

Lucky Strike Entertainment Acquires Two Water Parks and Three Family Entertainment Centers

July 31, 2025

Media & Entertainment

Lucky Strike Entertainment announced the acquisition of five location-based entertainment properties: Raging Waters Los Angeles (San Dimas, CA), Wet ’n Wild Emerald Pointe (Greensboro, NC), Castle Park (Riverside, CA), Boomers Vista (Vista, CA), and Boomers Palm Springs (Palm Springs, CA). The deal expands Lucky Strike’s national footprint in water parks and family entertainment centers, adding over 1.5 million annual visitors and creating additional scale and network effects across its portfolio.

Wellspring Capital Management Acquires Steele Solutions, Inc.

June 4, 2020

Manufacturing

Wellspring Capital Management closed its acquisition of Steele Solutions, Inc. on May 29, 2020. The New York-based private equity firm acquired the Milwaukee-headquartered designer and manufacturer of structural steel platforms and mezzanines to support growth and capitalize on long-term e-commerce and warehouse automation trends; financial terms were not disclosed.

Wellspring Capital Management Acquires Summit Spine & Joint Centers

April 3, 2025

Healthcare Services

Wellspring Capital Management completed the acquisition of Summit Spine & Joint Centers, partnering with Summit management and existing sponsor MSouth Equity Partners. Summit, headquartered in Lawrenceville, Georgia, operates 17 ambulatory surgery centers and 44 clinics across the Southeast; Wellspring aims to accelerate geographic expansion and growth of minimally invasive spine and musculoskeletal services.

Wellspring Capital Management Acquires Pentec Health

October 11, 2021

Healthcare Services

Wellspring Capital Management acquired Pentec Health, a national leader in patient-specific sterile compounding and home infusion services, from existing investors including Norwest Equity Partners and DW Healthcare Partners. The investment provides Pentec with capital and strategic support to accelerate organic growth and pursue add-on M&A; financing for the deal was provided by Twinbrook Capital Partners and advisors included Houlihan Lokey and Morgan Lewis.

Avista Capital Partners Acquires WellSpring Consumer Healthcare

August 23, 2022

Consumer Products

Avista Capital Partners completed the acquisition of WellSpring Consumer Healthcare from Audax Private Equity. WellSpring, founded in 1999 and headquartered in Sarasota, Florida, is a developer and marketer of over-the-counter and personal care brands (including Bactine, Bonine, Emetrol and Glaxal Base); Avista plans to support growth through product innovation, distribution expansion and strategic acquisitions.