Black Bear Sports Group Expands to Michigan, Blackstreet Capital Holdings affiliate Black Bear to manage Ann Arbor Ice Cube
Ann Arbor, MI – An affiliate of Black Bear Sports Group, Inc. (“Black Bear”) has taken over the operations of the Ann Arbor Ice Cube, in Ann Arbor, MI (the “Arena”) effective November 2022. The Arena features three ice sheets, a gym, a medical practice within the University of Michigan medical network, and a pro shop. The Arena is home to the Ann Arbor Figure Skating Club, the Ann Arbor Amateur Hockey Association and one of the largest adult hockey leagues in the state. Black Bear, the largest owner-operator of ice rinks in the U.S., was founded by CEO Murry Gunty in 2015.
“Michigan is a market we have been exploring and believe is ripe for consolidation both at the rink and club level,” said Murry N. Gunty, Founder and CEO of Black Bear. “This state continues to produce some of the top talent in both hockey and figure skating and we are thrilled to bring our leagues and tournament business to Ann Arbor.”
The Ann Arbor Ice Cube was built in 1995. It was previously the headquarters of USA Hockey.
“Part of Black Bear’s mission at the Arena will be to preserve and extend the viability of this arena for the long-term,” said Ryan Scott, Vice President at Black Bear. “We have acquired many rinks that are 25-30 years-old that are still so important to the community but also have aging equipment that requires specialty knowledge. We have a strong operating team and look forward to managing the Cube long-term.”
About Black Bear Sports Group, Inc.
Black Bear Sports Group, Inc. is a privately held company formed by Murry Gunty and Blackstreet Capital Holdings, LLC in 2015 that seeks investments in sports and entertainment facilities, teams, and youth sports events. Black Bear arenas are clean, professionally managed, and offer world-class recreational programs. Black Bear focuses on ice arenas in metropolitan areas with compelling demographics, markets with a National Hockey League club presence and arenas with existing youth hockey clubs. Black Bear not only features the ability to acquire healthy and stable arenas, but also the expertise required to turn around mismanaged or under-performing facilities. The largest owner/operator of ice rinks in the U.S., Black Bear’s footprint totals 33 facilities across the United States with 62 sheets of indoor ice, four indoor turf fields, 25 youth hockey clubs, four youth hockey leagues (Atlantic Hockey Federation, Atlantic Girls Hockey Federation Tier 1 Hockey Federation, and National Girls Hockey League), one tournament business, and four Junior “A” hockey franchises with membership in the United States Hockey League, North American Hockey League, USPHL-NCDC and the Eastern Hockey League.
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