Blackstreet Capital Holdings purchases fourth ice arena
Iceoplex Operating, an affiliate of Blackstreet Capital Holdings (BCH), has acquired substantially all of the assets of the Iceoplex at Southpointe sports complex.
The facility has one sheet of ice, one multi-purpose indoor sport court utilised for indoor soccer and other turf sports, a health club, outdoor volleyball courts and the BLVD Pub and Kitchen restaurant.
Iceoplex, located in Canonsburg, PA, is a year-round indoor one-sheet ice arena that is home to numerous youth hockey and figure skating clubs and 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, IceWorld in Abingdon, Maryland, and Seven Bridges Ice Arena in Woodridge, Illinois.
BCH is led by Murry Gunty, chief executive officer, and Lawrence Berger, chief investment officer.
Iceoplex will be managed by Ice Rink Performance Group (IRPG) which also manages Bill Gray’s Regional Iceplex in Rochester, NY, and the Seven Bridges Ice Arena in Woodridge, IL.
“Similar to what we have been able to accomplish in Rochester, NY with Bill Gray's Regional Iceplex, we expect to implement improvements to the facility that provide for the ultimate customer experience and 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," says Chris Woodworth, the IRPG director of PR and marketing.
“We’re thrilled to facilitate the growth of this unique multi-sport facility,” says 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-favour 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,” says 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 stabilise and grow over the long-term.”