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Private Equity
blackstreetcapital.com

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Investments

4

Portfolio Exits

4

Funds

2

About Blackstreet Capital

Blackstreet Capital is a private equity firm that rescues and turns around small to mid-sized distressed companies. The firm primarily invests in education, consumer finance, and sports and entertainment.

Blackstreet Capital Headquarter Location

7250 Woodmont Avenue Suite 210

Bethesda, Maryland, 20814,

United States

240-223-1330

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Latest Blackstreet Capital News

Black Bear Sports Group acquires Grundy Ice Arena in Bristol Borough

Sep 3, 2020

Blackstreet Capital affiliate Black Bear adds another Philadelphia area rink BRISTOL: An affiliate of Black Bear Sports Group has acquired the Grundy Ice Arena in Bristol Borough, PA, a news release said. The Arena features two ice sheets, an athletic training gym, café, and pro shop. The Arena is home to many figure skaters and youth hockey players in the area and, like many of Black Bear’s arenas, frequently hosts youth hockey tournaments throughout the year. Black Bear was founded by CEO Murry Gunty in 2015. ​“I want to thank Bristol Borough Council President Ralph DiGuiseppe and Borough Manager, Jim Dillon for their leadership in this transaction,” said Murry Gunty, Founder and CEO of Black Bear. “While they drove a hard bargain, they were incredible to work with and the transaction would not have happened without their heavy involvement in the day-to-day negotiations and transaction execution.” “I want to thank the Rink Authority who managed the rink for the last several years as well as our Solicitor, William Salerno, who was instrumental in completing this transaction,” said Ralph DiGuiseppe, Bristol Borough Council President. “I am happy that we were able to pay off our debt entirely with this deal, remove our operating losses, improve our tax base and still have money left over for other local projects. I am confident that Black Bear will continue to provide world class programs at our rink and that our residents will still have access to all of the ice skating activities that they have had in the past.” “I believe that our citizens and rink employees will be in very good hands with Black Bear,” said James Dillon, Bristol Borough Manager. “The rink was for sale for an extended period, and we are confident that we achieved both the highest possible price for our Borough as well as the right long-term home for the Arena.” “Grundy fits perfectly with our other Philadelphia area and Central Jersey arenas,” said Ryan Scott, Vice President of Black Bear. “We expect to use Grundy and our four other neighboring rinks as a hockey tournament hub as well as bring to the Senators and Grizzlies access to all of our hockey resources. We also hope to expand on the figure skating, learn-to-skate and learn-to-play hockey programming to grow skating and hockey in the Borough.” Black Bear Sports Group, Inc. is a privately held company formed by Murry Gunty and Blackstreet Capital Holdings, LLC in 2015 that seeks investments in sports and entertainment facilities, teams and youth sports events. Black Bear arenas are clean and professionally managed and offer world-class recreational programs. Black Bear focuses on ice arenas in metropolitan areas with compelling demographics, markets with a National Hockey League club presence and arenas with existing youth hockey clubs. ​Black Bear has the ability to acquire healthy and stable arenas, but also to turn around under-managed or under-performing facilities. The largest owner/operator of ice rinks in the U.S., Black Bear’s footprint totals 18 facilities across the United States with 33 sheets of indoor ice, two indoor turf fields, eight youth hockey clubs and four Junior “A” hockey franchises in the United States Hockey League, North American Hockey League and Eastern Hockey League.

Blackstreet Capital Investments

4 Investments

Blackstreet Capital has made 4 investments. Their latest investment was in Rauch Industries as part of their Line of Credit on December 12, 2016.

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Blackstreet Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

12/13/2016

Line of Credit

Rauch Industries

$6M

Yes

1

12/8/2015

Private Equity

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10

5/22/2008

Private Equity

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10

Other Investors

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0

Date

12/13/2016

12/8/2015

5/22/2008

Round

Line of Credit

Private Equity

Private Equity

Other Investors

Company

Rauch Industries

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Amount

$6M

New?

Yes

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Co-Investors

Sources

1

10

10

0

Blackstreet Capital Portfolio Exits

4 Portfolio Exits

Blackstreet Capital has 4 portfolio exits. Their latest portfolio exit was DAI Investment on August 29, 2017.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

8/29/2017

Acquired

Acquirer

3

2/24/2016

Acquired

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10

7/13/2011

Acquired

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10

10/1/2007

Acquired

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10

Date

8/29/2017

2/24/2016

7/13/2011

10/1/2007

Exit

Acquired

Acquired

Acquired

Acquired

Companies

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Valuation

Acquirer

Acquirer

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Sources

3

10

10

10

Blackstreet Capital Acquisitions

15 Acquisitions

Blackstreet Capital acquired 15 companies. Their latest acquisition was Northern Brewer on July 11, 2019.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

7/11/2019

$99M

Acq - Fin - II

2

2/18/2016

$99M

Acq - Fin

1

2/8/2016

$99M

Acq - Fin

1

11/1/2011

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$99M

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10

6/30/2011

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$99M

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10

Date

7/11/2019

2/18/2016

2/8/2016

11/1/2011

6/30/2011

Investment Stage

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

Note

Acq - Fin - II

Acq - Fin

Acq - Fin

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Sources

2

1

1

10

10

Blackstreet Capital Fund History

2 Fund Histories

Blackstreet Capital has 2 funds, including Blackstreet Capital Management II LP.

Closing Date

Fund

Fund Type

Status

Amount

Sources

12/31/2008

Blackstreet Capital Management II LP

Buyouts & Acquisitions

Open

$91M

1

12/31/2004

Blackstreet Capital Management LP

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$99M

10

Closing Date

12/31/2008

12/31/2004

Fund

Blackstreet Capital Management II LP

Blackstreet Capital Management LP

Fund Type

Buyouts & Acquisitions

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Status

Open

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Amount

$91M

$99M

Sources

1

10

Blackstreet Capital Team

6 Team Members

Blackstreet Capital has 6 team members, including current Chief Executive Officer, Managing Partner, Murry N. Gunty.

Name

Work History

Title

Status

Murry N. Gunty

Jacobson Partners, Lazard Frères & Co., and Blackstone

Chief Executive Officer, Managing Partner

Current

Caroline Miller

Chief Financial Officer

Current

Lawrence S. Berger

Managing Director

Current

Kevin Kuby

Managing Director

Current

Aldus H Chapin

Managing Director

Former

Name

Murry N. Gunty

Caroline Miller

Lawrence S. Berger

Kevin Kuby

Aldus H Chapin

Work History

Jacobson Partners, Lazard Frères & Co., and Blackstone

Title

Chief Executive Officer, Managing Partner

Chief Financial Officer

Managing Director

Managing Director

Managing Director

Status

Current

Current

Current

Current

Former

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