Blackstreet Capital Holdings Invests in Auto Cash of Georgia

murry-gunty

Gunty, BCH affiliate makes loan to title lender

December 22, 2016 – Auto Cash Financing, Inc., has entered into a loan agreement with Auto Cash of Georgia. They are an affiliate of Blackstreet Capital Holdings (BCH), led by CEO Murry Gunty. Auto Cash of Georgia has 8 retail locations and is the leading title lender in the Atlanta area.

“This is an opportunity to work with a very well-managed company in the title lender industry,” said Murry Gunty, CEO of BCH. “We are looking to actively invest in title lenders. We know other consumer finance businesses as banks and traditional financial sources increasingly exit the industry. Our management team has deep experience in this industry and we are looking for opportunities to expand our exposure to these types of businesses both as lenders and owners.”

“Our partnership with BCH will allow Auto Cash to expand operations,” said Auto Cash CEO Judson Browne. “We are pleased to have engaged partners with BCH’s level of expertise and a strong commitment to our business.”

BCH is a diversified holding company that seeks investments in debt and equity of companies. These are either underperforming, in out-of-favor industries or are undergoing some form of transition. BCH invests in a range of industries including education, manufacturing, sports and entertainment, distribution, ecommerce, technology, and franchising.

About Blackstreet Capital Holdings, LLC

Blackstreet Capital is a Chevy Chase, MD based diversified holding company run by Murry Gunty and Lawrence Berger. BCH currently has equity and debt holdings in education, consumer finance, and sports and enterainment.

Blackstreet backed DAI acquires TravelSmith and Chasing Fireflies

Murry Gunty

Gunty to revive TravelSmith

March 25, 2017 – Distinctive Apparel Inc, which is backed by Blackstreet Capital Management, has bought the assets of catalog and internet retailers TravelSmith and Chasing Fireflies. The seller was Cornerstone Brands, a Home Shopping Network unit. Murry Gunty leads Blackstreet Capital Management.

DAI, headquartered in Randolph, Massachusetts, owns leading apparel brands including Chadwicks of Boston, Metrostyle and Territory Ahead all of which sell direct to consumers through the Internet and catalogues. “We are thrilled to acquire these two well-known brands,” said Aldus Chapin, CEO of DAI. “We look forward to reinvigorating TravelSmith and Chasing Fireflies and bringing unique and exciting products to their loyal customers.”

“The veteran DAI management team, led by Aldus Chapin, has deep experience successfully purchasing great apparel brands and there is no better team to revive and grow TravelSmith and Chasing Fireflies,” said Murry Gunty, BCM Managing Partner. “These brands will enhance DAI’s portfolio by adding a premier travel brand and a leading children’s apparel and costume brand to already strong and well known men’s and women’s apparel brands that they currently own.”

About Blackstreet Capital
Blackstreet Capital is a Chevy Chase, Maryland-based private equity firm. Blackstreet Capital focuses on investments in under-performing orphans with up to $150 million of revenue primarily located in the eastern half of the United States. To date, Blackstreet Capital has invested in 30 companies with combined sales in excess of $1.5 billion with over 8,000 employees.

New ownership for Piney Orchard Ice Arena

Murry_Gunty

Gunty plans expansion for Piney Orchard

February 10, 2017 – The Piney Orchard Ice Arena has been bought and the new owners plan to upgrade it and expand the ice hockey programs.

Piney Ice LLC, an affiliate of Blackstreet Capital Holdings LLC, and Bob Weiss, operator of the Rockville Ice Rink, acquired nearly all of the assets of the facility. Located in Odenton, the Piney Orchard Ice Arena was once the practice facility for the Washington Capitals. The year round indoor ice arena is home to many youth hockey and figure skating clubs. The terms of the deal were not disclosed.

“It’s really exciting to see some money invested in a facility that provides an outlet for our kids,” said Claire Louder, head of the West County Chamber of Commerce. “We have so few recreational opportunities in this area.”

The new plan for the arena includes expanded ice hockey programs for all ages, deeper relationships with local high schools and “an improved cornerstone for our community,” officials said.

This partnership “will enable Piney Orchard to upgrade the facility and continue to reliably serve the growing hockey and figure skating communities of the Washington, DC metro area,” Weiss said in a statement. “With BCH’s commitment, we look forward to turning Piney Orchard into one of the leading ice rinks in the USA.”

Built in 1991, the 42,375-square-foot rink was billed as the jewel of the Piney Orchard housing development. The Piney Orchard Master Partnership owned it until 1996, when it was sold to U.S. Ice Forums LLC for an undisclosed price, according to The Capital archives. The facility changed hands later that year when Trizec Ice Inc. took over U.S. Ice Forums.

With the recent changes, Weiss will assume management of the Piney Orchard rink. He and his family run the three-sheet Rockville ice arena and the hockey program Team Maryland.

“We’re excited to facilitate the growth of ice skating sports in this region,” Murry Gunty, CEO of BCH, said in a statement.

Seven Bridges Signs Long Term Deal With Team Illinois

Murry-Gunty

Blackstreet and Gunty’s latest acquisition

January 8, 2017 – Seven Bridges Acquisition has signed a long term ice rental agreement with the Tier 1 AAA Hockey Organization, Team Illinois. This will make Seven Brides Ice Arena their home rink for the elite hockey club. Seven Bridges Acquisition is an affiliate of Blackstreet Capital Holdings. BCH is led by Murry Gunty, Chief Executive Officer, and Lawrence Berger, Chief Investment Officer

Seven Bridges Ice Arena is a year-round indoor two-sheet ice arena. It is home to numerous youth hockey and figure skating clubs. The Facility also contains a popular turf field used for indoor soccer and the Blue Line Bar and Grill restaurant. This also contains an off-ice workout area and locker rooms dedicated for its Tier 1 and High School hockey teams. The Company purchased the debt of the Facility months ago and recently completed a successful foreclosure on the property.

“We are thrilled to be moving to Seven Bridges Ice Arena starting with the 2017 hockey season,“ said Larry Pedrie, Team Illinois Director of Hockey. “The Facility will allow us to grow our program and provide the best Tier 1 hockey experience in the Chicago area for our families. We are thrilled to be partnering with Seven Bridges over the long term.”

“We’re honored that Team Illinois chose to make Seven Bridges their partner,” said Murry Gunty, CEO of BCH. “We look forward to turning the Facility into a true home for Team Illinois’ players, coaches and families. We are excited to finally have an anchor tenant who is looking for a long term partnership. This will enable us to return the Facility to its place as the best venue in the Chicago area.”

About Blackstreet Capital Holdings, LLC

Blackstreet Capital Holdings, LLC is a Chevy Chase, MD based diversified holding company run by Murry Gunty and Lawrence Berger. BCH currently has equity and debt holdings in education, consumer finance, and sports and entertainment. Gunty and Berger have deep experience buying companies that are either underperforming, in out-of-favor industries or are undergoing some form of transition. BCH seeks investments in a range of industries, including education, manufacturing, sports and entertainment, distribution, ecommerce, and franchising.

About Team Illinois

Team Illinois is the most respected Tier 1, AAA Hockey Organization in Illinois. Team Illinois participates in the most competitive AAA league in the United States. It is called the High Performance Hockey League. Is widely recognized as the most prestigious tournaments in North America.

Blackstreet Capital Holdings Invests in Second Maryland Ice Arena

murry gunty

Gunty and Blackstreet Rescue Abington, MD Rink

November 22, 2016- Ice World Maryland, an affiliate of Blackstreet Capital Holdings (“BCH”) and Bob Weiss, operator of the Rockville Ice Rink, has acquired substantially all of the assets of the Ice World Ice Arena. Ice World is a year-round indoor two-sheet ice arena that is home to numerous youth hockey and figure skating clubs. Ice World is the second ice arena purchased by an affiliate of BCH after the purchase of Piney Orchard Ice Arena in Odenton, Maryland, earlier this year. BCH is led by Murry Gunty, Chief Executive Officer, and Lawrence Berger, Chief Investment Officer.

“Our partnership with BCH will enable Ice World to upgrade the facility. We will also continue to reliably serve the growing hockey and figure skating communities of the Baltimore and Washington, D.C. metro areas,” said Bob Weiss. “Just as we’ve done at Piney Orchard, we expect to make improvements to the facility and we look forward to turning Ice World into one of the leading ice rinks in the area. We plan to expand the ice hockey and figure skating programs that are offered for all ages. We are looking to build deeper relationships with local high schools. This will help build a cornerstone for our community where families can safely spend time and have fun together.” Mr. Weiss will assume management of the Ice World ice rink.

“We’re excited to facilitate the growth of ice skating sports in this region,” said Murry Gunty, CEO of BCH. “Bob Weiss and his family run the three-sheet Rockville ice arena, the premier ice rink in the Washington, DC area, and Team Maryland. Team Maryland is one of the best hockey programs in the country. Bob and his family have brought their expertise to Piney Orchard. We’ve already seen fantastic improvements in the facility and programming. We are thrilled to build our partnership with them further. This marks our second skating rink investment in the area and we look forward to expanding our interests in this industry.”

BCH is a holding company that seeks investments in debt and equity of companies that are in out-of-favor industries. Blackstreet seeks to invest in a range of industries including education, franchising, and sports and entertainment.

About Blackstreet Capital Holdings, LLC

Blackstreet Capital Holdings, LLC is a Chevy Chase, MD based diversified holding company run by Murry Gunty and Lawrence Berger. BCH currently has equity and debt holdings in education, consumer finance, and sports and entrainment. Gunty and Berger have deep experience buying companies that are underperforming. BCH seeks investments in a range of industries, including education, manufacturing, sports and entertainment, distribution, ecommerce, and franchising.

Yahoo reports Blackstreet Capital Purchases Fourth Ice Arena

MurryGunty

Blackstreet aquires Canonsburg, PA sports complex.

March 1, 2017- Iceoplex Operating has acquired all of the assets of the Iceoplex at Southpointe sports complex. The facility has one sheet of ice, one multi-purpose indoor sport court utilized for indoor soccer and other turf sports. It also has a health club, outdoor volleyball courts and the BLVD Pub and Kitchen restaurant. Iceoplex is an affiliate of Blackstreet Capital Holdings, LLC (“BCH”). The facility is a year-round indoor one-sheet ice arena that is home to numerous youth hockey and figure skating clubs. It was previously the training facility for the NHL’s Pittsburgh Penguins. Iceoplex is the fourth ice arena purchased by an affiliate of BCH. Other ice rink holdings include Piney Orchard Ice Arena in Odenton, Maryland and Seven Bridges Ice Arena in Woodridge, Illinois. BCH is led by Murry Gunty, CEO, and Lawrence Berger, CIO.

Iceoplex will be managed by Ice Rink Performance Group. “We expect to implement improvements to the facility that provide for the ultimate customer experience. A full array of programs for ice sports, indoor arena sports on the multi-purpose court as well as affordable family entertainment that promotes physical activity and healthy lifestyles,” said Chris Woodworth, the IRPG Director of PR and Marketing.

“We’re thrilled to facilitate the growth of this unique multi-sport facility,” said Murry Gunty, CEO of BCH. “Scott Branovan and his team have deep experience running ice rinks and sports facilities and we are excited for them to bring their expertise to Iceoplex. We look forward to them expanding the programming and continuing to build on this wonderful family entertainment and sports facility.”

BCH is a diversified holding company that seeks investments in debt and equity of companies that are either underperforming, in out-of-favor industries or are undergoing some form of transition. Blackstreet seeks to invest in a range of industries including education, manufacturing, sports and entertainment, distribution, ecommerce, and franchising.

“BCH can provide capital solutions for all types of businesses,” said Lawrence Berger, BCH Chief Investment Officer. “We can move exceptionally fast to understand the situation. We are very flexible with respect to how we structure a deal and we pride ourselves on being creative in getting difficult deals done whether they’re asset or stock deals, corporate divestitures or debt purchases. We are focused on helping the underlying business stabilize and grow over the long-term.”

About Blackstreet Capital Holdings, LLC

Blackstreet Capital Holdings, LLC is a Chevy Chase, MD based diversified holding company run by Murry Gunty and Lawrence Berger. BCH owns and manages lower middle market businesses and is not a private equity fund. BCH seeks investments in debt and equity of lower middle market businesses.