Latest Piney Orchard Ice Arena News
Oct 2, 2016
Blackstreet Capital Holdings Invests in Second Maryland Ice Arena 10/2/16 ABINGDON, Md.--( BUSINESS WIRE )--Ice World Maryland, LLC, an affiliate of Blackstreet Capital Holdings, LLC and Bob Weiss, operator of the Rockville Ice Rink, has acquired substantially all of the assets of the Ice World Ice Arena. Ice World, located in Abington, MD, 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 and 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, build deeper relationships with local high schools and build an improved 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 and we’ve already seen fantastic improvements in the facility and programming, so 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 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. BCH 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 currently has equity and debt holdings in education, consumer finance, and sports and entrainment. 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.