Blackstreet Capital Holdings Invests in Maryland Ice Arena
February 08 2016 - 1:54PM
Business Wire
BCH affiliate makes investment in Maryland
indoor ice skating rink
Piney Ice, LLC (“Piney Orchard” or the “Company”), an affiliate
of Blackstreet Capital Holdings, LLC (“BCH”) and Bob Weiss,
operator of the Rockville Ice Rink, has acquired substantially all
of the assets of the Piney Orchard Ice Arena. Piney Orchard,
located in Odenton, MD, is a year-round indoor ice arena that is
home to numerous youth hockey and figure skating clubs and was
previously the practice facility for the NHL’s Washington Capitals.
BCH is led by Murry Gunty, Chief Executive Officer, and Lawrence
Berger, Chief Investment Officer.
“Our partnership with BCH will enable Piney Orchard to upgrade
the facility and continue to reliably serve the growing hockey and
figure skating communities of the Washington, DC metro area,” said
Bob Weiss. “With BCH’s commitment, we look forward to turning Piney
Orchard into one of the leading ice rinks in the USA. We plan to
expand the ice hockey 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
Piney Orchard 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, so we are
thrilled to begin our partnership with them. This marks our second
hockey rink investment 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20160208006154/en/
Blackstreet Capital HoldingsLawrence Berger,
240-223-1311LBerger@bchhold.com