Lucky Strike is an owner and operator of a chain of upscale bowling alleys which also serve as night clubs and high quality casual dining venues.  The company was founded in 2003 by industry veteran Steven Foster with the opening of the first location in Hollywood, CA and has expanded the concept to over a dozen locations throughout the US.  Each location features and upscale bowling lounge with 12-24 lanes, a large high energy bar, a sophisticated audio/visual system, and a full sit-down menue with dining capacity of 75-120 customers.

Caltius' investment was part of a larger recapitalization in which existing debt was refinanced and shareholder investments were repaid.  The transaction also provided capital to support the company's growth plans.

In August 2007, Caltius exercised its $1 million equity co-investment right.