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WOODBRIDGE, Ill.--(BUSINESS WIRE)--Seven Bridges Acquisition, Inc. (the “Company” or “Seven Bridges”), an affiliate of Blackstreet Capital Holdings, LLC (“BCH”), has signed a long term ice rental agreement with the Tier 1 AAA Hockey Organization, Team Illinois (“TI”), whereby TI will make Seven Brides Ice Arena their home rink for the elite hockey club. BCH is led by Murry Gunty, Chief Executive Officer, and Lawrence Berger, Chief Investment Officer.
Seven Bridges Ice Arena (the “Facility”), located in Woodbridge, Illinois, is a year-round indoor two-sheet ice arena that is home to numerous youth hockey and figure skating clubs. The Facility also contains a popular turf field used for indoor soccer and the Blue Line Bar and Grill restaurant. The Facility also contains an off-ice workout area and locker rooms dedicated for its Tier 1 and High School hockey teams. The Company purchased the debt of the Facility 18 months ago and recently completed a successful foreclosure on the property.
“We are thrilled to be moving to Seven Bridges Ice Arena starting with the 2017 hockey season,“ said Larry Pedrie, Team Illinois Director of Hockey. “The Facility will allow us to grow our program and provide the best Tier 1 hockey experience in the Chicago area for our families. We are thrilled to be partnering with Seven Bridges over the long term.”
“We are honored that Team Illinois chose to make Seven Bridges their partner,” said Murry Gunty, CEO of BCH. “We look forward to turning the Facility into a true home for Team Illinois’ players, coaches and families. After a long and contentious battle with the prior owner, we are excited to finally have an anchor tenant who is looking for a long term partnership that will enable us to return the Facility to its place as the best venue in the Chicago area.”
WOODBRIDGE, Ill.--(BUSINESS WIRE)--Seven Bridges Acquisition, Inc. (“Seven Bridges” or the “Company”), an affiliate of Blackstreet Capital Holdings, LLC (“BCH”) has acquired substantially all of the assets of the Seven Bridges Ice Arena. Seven Bridges, located in Woodbridge, Illinois, is a year-round indoor two-sheet ice arena that is home to numerous youth hockey and figure skating clubs. The Seven Bridges facility also contains a popular turf field used for indoor soccer and the Blue Line Bar and Grill restaurant. Seven Bridges is the third ice arena purchased by an affiliate of BCH including the purchase of the Piney Orchard Ice Arena in Odenton, Maryland, and the purchase of Ice World Ice Arena in Abingdon, Maryland, earlier this year. BCH is led by Murry Gunty, Chief Executive Officer, and Lawrence Berger, Chief Investment Officer.
“Our investment in Seven Bridges will enable us to upgrade the facility and continue to reliably serve the growing hockey, figure skating and soccer communities in the Chicago area,” said Murry Gunty, BCH Chief Executive Officer. “Just as we’ve done at Piney Orchard and Ice World, we expect to make major improvements to the facility and we look forward to continuing Seven Bridges’ operations as one of the leading ice rinks in the USA. We expect our experience running other ice rinks will allow us to improve Seven Bridges and build on it’s already superb programming. We are thrilled to own our first facility in the Chicago market and look forward to making additional investments in the area and in this industry,” said Gunty.
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.”
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