Generational Group Announces Sale of Ice Partners to Ice World Maryland, LLC, an affiliate of Blackstreet Capital Holdings LLC

By Generational Group

10/27/2016

Generational Group, a leading mergers and acquisitions advisor for privately held, middle-market businesses, is pleased to announce the sale of its client, Ice Partners of Abingdon, MD, to Ice World Maryland, LLC, an affiliate of Blackstreet Capital Holdings LLC. The acquisition closed Sept. 23, 2016. Details were not disclosed.

Ice Partners (dba Ice World), an ice-skating and hockey facility, is located near Baltimore. It opened in 1996 and operates year-round. Fully handicapped accessible, Ice Partners houses two NHL size (200 foot x 85 foot) rinks, eight team locker rooms, seating for up to 300, a snack bar and pro shop.

Blackstreet Capital Holdings, LLC, is a privately held diversified operating company that owns and manages small businesses. BCH was founded in 2015 by Murry Gunty and Lawrence Berger.

Musa Jagne, Vice President, Mergers and Acquisitions for Generational Group, led the deal to a successful close. Mr. Jagne said, “Ice Partners has found in Blackstreet Capital a partner that not only has operational experience in the space but will also be able to support future growth initiatives.”

Tobias Kaye, president of Ice Partners 1, LLC, added, “We are pleased to have found the right partner to ensure the continued success and expansion of Ice World.”

“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.”