Pinstripes, a 13-unit bowling, bocce and bistro concept, has landed an investment from Granite Creek Capital Partners as it begins a growth push.
The Northbrook, Ill.-based chain has not added new locations since 2019, according to Technomic data. But it is currently building six that are expected to open within the next 12 months. The undisclosed funding from Granite Creek will help finance the expansion.
“As we move into this next phase of growth, investments such as Granite Creek’s are instrumental to our expansion efforts,” said Dale Schwartz, Pinstripes founder and CEO, in a statement.
Founded in 2007, Pinstripes’ restaurants feature bowling lanes and bocce courts as well as a menu of Italian-American and pub fare. Its locations can accommodate private events and parties for up to 1,000 people.
It currently has outlets in nine states across the U.S. and will soon enter Florida and New Jersey with new locations.
It’s part of a crop of eatertainment chains such as Dave & Buster’s, Top Golf and Main Event that have performed well coming out of the pandemic. Pinstripes’ sales rose 17.5% in 2022, according to Technomic.
“Pinstripes has created a unique and exciting family entertainment concept that provides a variety of activities that everyone can enjoy,” said Brian Boorstein, partner and co-founder at Granite Creek, in a statement.
Chicago-based Granite Creek provides capital for entrepreneurial, middle market companies.
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