Black Bear Sports Group Acquires 16th Ice Arena

Gunty's Black Bear Sports Group Adds First Facility in Delaware

“We are excited to add Patriot to our growing portfolio of east coast ice rinks,” said Murry Gunty, Founder and CEO of Black Bear. 

An affiliate of Black Bear Sports Group, Inc. (“Black Bear”) has acquired the Patriot Ice Center in Newark, DE (the “Arena”). The Arena features one NHL-size ice rink and one Olympic-size ice rink, an athletic training gym, café, pro shop and a martial arts studio. The Arena is home to many young skaters and players in the area and, like many of Black Bear’s arenas, frequently hosts youth and adult hockey tournaments throughout the year. Black Bear was founded by CEO Murry Gunty in 2015.

​“The Mid-Atlantic region is producing more and more talented skaters and youth players. Delaware is known for quality figure skating but many young players are passionate about hockey here as well,” said Murry Gunty, Founder and CEO of Black Bear. “We are excited to add Patriot to our growing portfolio of east coast ice rinks.”

The Patriot Ice Center is the first acquisition for Black Bear in Delaware and 12th investment on the East Coast. Patriot complements Black Bear’s adjacent rinks including Ice World in Northeastern Maryland and three facilities in the nearby suburban Philadelphia area: Revolution Ice Gardens, Bucks County Ice Sports Center and The Igloo at Mt. Laurel.

“We are excited to improve the facility and strengthen the skating and hockey programming at Patriot,” said Ryan Scott, Vice President of Black Bear. “Our immediate priority is to structurally improve the ice surfaces to ensure the community has quality ice for the upcoming season and to renovate the building to enhance the customer experience going forward.”

New Assistant GM hired by Maryland Black Bears

New Assistant GM Hired by Maryland Black Bears

The Maryland Black Bears Head Coach and General Manager, Clinton Mylymok has announced that Ryan Kosecki will be joining the team as the Assistant General Manager. Kosecki is coming to the Black Bears from the USHL, where he spent the past two seasons as an Assistant Coach with the Muskegon Lumberjacks. Kosecki is extremely familiar with the NAHL, having played in it from 1996-1998 as well as having scouted and coached in the NA3HL for several years. Ryan Kosecki had the following to say on his new position:

“I would first like to thank Maryland Head Coach/GM Clinton Mylymok, owner Murry Gunty, and the Maryland Black Bears organization for giving me this opportunity. I am excited to get to work for such a first-class program and help Maryland take that next step toward winning a Robertson Cup Championship.”

Murry Gunty’s Black Bear Sports Group Acquires 14th Ice Arena

Black Bear Sports Group Acquires 14th Ice Arena

 

The Igloo is a centrally-located hub for ice skating and hockey in southern New Jersey. With Revolution Ice Gardens to the west in Bucks County, PA, and Ice Land Skating Center to the north in Hamilton, NJ, we’re excited to add Igloo to our portfolio of ice rinks in the area,” said Murry Gunty, Founder and CEO of Black Bear. “The Jaguars are a very strong Tier-2 youth program and we look forward to finally providing Jaguars players the necessary pipeline to advance to their desired levels through our AAA Mercer Chiefs and Revolution Elite AAA youth programs along with our Junior Hockey teams in the Eastern Hockey League, North American Hockey League and USHL.”

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Blackstreet Capital Holdings has acquired homebrewing supply retailer Northern Brewer from Anheuser-Busch InBev’s ZX Ventures

Blackstreet Capital Holdings has acquired homebrewing supply retailer Northern Brewer from Anheuser-Busch InBev’s ZX Ventures

Anheuser-Busch InBev’s innovation and growth division, ZX Ventures, has sold Minnesota-based homebrew supply retailer Northern Brewer to Blackstreet Capital Holdings LLC.

Financial terms of the transaction, which was announced in mid-July, were not disclosed.

“Since our investment in 2016 we’ve helped Northern Brewer make homebrewing easier and more accessible across the U.S.,” a ZX Ventures spokesperson told Brewbound via email. “We decided to sell Northern Brewer to Blackstreet Capital Holdings and wish them success in their new partnership to serve the homebrewing community for years to come.”

Blackstreet Capital Holdings, a Maryland-based holding company, is run by Murry Gunty, a self-described “investment professional” with 27 years of experience.

According to Gunty’s personal website, his Blackstreet Capital Holdings “rescues small- to mid-sized distressed companies.” The company’s website also states that it is not a private equity fund, but “a permanent holding company that seeks investments in debt and equity of lower middle market businesses or corporate orphans that are in out-of-favor industries or are undergoing some form of transition.”

In a press release announcing the sale, Gunty said the transaction returns Northern Brewer “to its roots as an independent supplier of high-quality kits, ingredients, and equipment.”

“We are excited to partner with Northern Brewer and to continue its tradition of serving the craft beer industry since 1993,” he added.

Northern Brewer operates brick-and-mortar stores in Minneapolis, St. Paul and Milwaukee. The company also runs a robust e-commerce business, selling ingredients and equipment homebrewers.

Kevin Kuby, Blackstreet Capital Holdings’ executive vice president, will serve as interim CEO of Northern Brewer.

Murry Gunty – Distressed Investor

murry_gunty

Murry Gunty

Murry Gunty, an investment professional with over 27 years of experience, is the CEO of Blackstreet Capital Holdings.  

Blackstreet Capital Holdings focuses on rescuing small to mid-sized distressed companies. Including predecessor companies, Mr. Gunty has led investments in approximately 40 businesses with aggregate of well over $1 billion in revenue.

Murry Gunty has invested in excess of $1.7 billion of equity and subordinated debt capital in over 50 transactions in his career. He was formerly a General Partner of Jacobson Partners, L.P., a middle-market private equity fund focused on control buyouts of business with up to $150 million in revenue. Mr. Gunty is a former partner in the real estate principal investment area of Lazard Freres & Co., LLC, where he co-managed $3 billion of capital in real estate-related private equity funds. He is a former associate of the Blackstone Group.

Mr. Gunty received an AB from Harvard College and an MBA from the Harvard Business School.