Bowling Lane Operator Goes Private: Fair Lanes...

Bowling Lane Operator Goes Private: Fair Lanes Bowling Inc., one of the nation’s largest operators of bowling centers, said it has been acquired in a management-supported leveraged buyout for about $200 million. Fair Lanes, which is based in Baltimore, operates 111 bowling centers in 18 states. It has annual sales of about $100 million. Deutschman Clayton & Co. of Los Angeles, a private investor firm, said its Fair Holdings Corp. unit had purchased all the outstanding shares of Fair Lanes Bowling. The majority of those shares were held by a subsidiary of Northern Pacific Corp.