BCH affiliate purchases two ice rinks in Chicago suburbs
August 15, 2017 – Led by President Murry Gunty, Piney Ice Holdings, Inc., (“Piney”) an affiliate of Blackstreet Capital Holdings, LLC (“BCH”) and Ice Rink Holdings, LLC, has acquired the American Heartland Arena in Lincolnwood, IL, and Center Ice of DuPage in Glen Ellyn, IL. Managed by Ice Rink Performance Group, the arenas will provide the suburbs of Chicago three high performance facilities for recreation, world-class training, and affordable family entertainment. “Chicago is passionate about ice hockey and figure skating and we’re thrilled to be able to provide quality rinks and services to the community,” said Gunty.
With Piney already operating six arenas throughout the United States it looks to invest in properties they can transition into high quality entertainment and youth sports facilities. BCH works to find solutions for a range of middle market businesses or corporate orphans that are struggling or seeking to restructure. “We are focused on helping the underlying business stabilize and grow over the long-term,” said Gunty.