Black Bear Sports Group to Acquire 28th and 29th Ice Arenas
Murry Gunty's Blackstreet Capital Holdings affiliate Black Bear acquires Two Hartford Area Ice Rinks
An affiliate of Black Bear Sports Group, Inc. (“Black Bear”) has entered into a definitive agreement to acquire Champions Skating Center in Cromwell, CT and Bolton Ice Palace in Bolton, CT (the “Arenas”). The Agreement is subject to normal course closing conditions. The Arenas collectively feature two NHL ice sheets, one Olympic ice sheet, a full-service gym, and a pool. The transaction also includes the purchase of the Hartford Jr. Wolfpack, the elite Tier I and Tier II youth hockey program. The Arenas are also home to the Whalers Youth Hockey Association & Eastern Connecticut Stars along with many figure skaters and recreational skaters in the area.
“We are excited to expand our Connecticut presence with this transaction, as Connecticut is such a strong hockey market,” said Murry N. Gunty, Founder and CEO of Black Bear. “More importantly, I am thrilled to have Bob Crawford join our organization to help us continue to build out our hockey business. Bob brings deep hockey experience from both his distinguished NHL career and his extensive youth hockey experience including leading leagues, representing his district and serving in leadership capacities at the highest levels of hockey. It is an honor to have him on board.”
“Our mission is to continue growing hockey and ice sports in Connecticut and are thrilled to add another Tier I franchise that we can support through our numerous junior team franchises such as the Youngstown Phantoms of the USHL,” said Ryan Scott, Vice President of Black Bear. “Under Bob’s leadership, we also look forward to growing our league and tournament businesses in Connecticut and the rest of the Northeast and expect to host numerous boys and girls events in our rinks.”