Blackstreet Capital Holdings affiliate Black Bear acquires Newington Ice Arena
Newington, CT – An affiliate of Black Bear Sports Group, Inc. (“Black Bear”) has acquired the Newington Ice Arena in Newington, CT (the “Arena”). The Arena features two ice sheets, a pro shop and snack bar, a golf simulator and multiple leased locker rooms and offices. The Arena is also home to many figure skaters and recreational skaters in the area along with numerous high schools and regional tournaments due to its close proximity to Hartford, CT. Black Bear, the largest owner-operator of ice rinks in the U.S., was founded by CEO Murry Gunty in 2015.
Black Bear will begin a strong relationship with the Connecticut Chiefs and the Central Connecticut Youth Hockey Association, the dominant youth hockey programs in the Arena. The Connecticut Chiefs, an independently owned Junior and Tier I Youth Hockey program and long-term tenant at the Newington Ice Arena will remain in the arena as an anchor tenant. The Chiefs will be joining the Tier 1 Hockey Federation (“THF”) for the 2023-24 season and leaving the Atlantic Youth Hockey League (“AYHL”). “We’re excited for the next chapter with Black Bear,” said Brandon Johnson, owner of the Chiefs. “We know that Black Bear plans to improve the facility, which translates to better experiences for our Connecticut Chiefs players and everyone who uses the building. We’re excited to see what Black Bear Sports Group achieves moving forward at Newington Arena.”
The Chiefs’ membership in the THF further consolidates our league’s leading position in the Mid-Atlantic. said Murry N. Gunty, CEO and Founder of Black Bear Sports Group. “I have personally known Brandon for a long time. He has great integrity and operates his Chiefs at the highest level. We are lucky to have his club as they will make a fantastic addition to the core group of elite youth clubs in the THF.”
Black Bear is also pleased to announce that Central Connecticut Youth Hockey Association will remain as a long-term tenant. “Central is one of the largest and strongest clubs in the state,” said Ryan Scott, Vice President of Black Bear. “The club has elite leadership and a rich tradition in the area and we are excited to be their rink partner moving forward.” Central has accepted an invitation to join the Atlantic Hockey Federation (“AHF”) as a showcase league partner for 2023-24 season at the AA level and will leave the EJEPL. Black Bear owns and operates five ice rinks in Connecticut with eight sheets of ice of which four arenas are located in the Greater Hartford area comprising 7 sheets of ice.
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 35 facilities across the United States with 64 sheets of indoor ice, four indoor turf fields, 27 youth hockey clubs, four youth hockey leagues (Atlantic Hockey Federation, Atlantic Girls Hockey Federation Tier 1 Hockey Federation, and National Girls Hockey League) 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.
Source: Black Bear Sports Group