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.