Blackstreet Capital Management, LLC is a private equity firm that invests in and operates small to mid-sized distressed companies. It was founded in 2002 in Chevy Chase, Maryland,[1] by Murry Gunty, who still acts as managing partner.[2]
Blackstreet was founded by Gunty in 2002 as Milestone Capital Partners, in a joint venture with Milestone Merchant Partners.[3] Robert Pincus, the vice chairman of Eagle Bank; and Thomas Hale Boggs, Jr., a prominent Washington lawyer, promptly joined Blackstreet's board of advisers, providing the gravitas to attract investors.[4]
Blackstreet invests in distressed companies, aiming to prevent the company's bankruptcy and benefit investors.[5] Blackstreet funds niche manufacturers, internet and specialty retailers, distributors, restaurants, and healthcare service and device providers, among other industries.[6]
As of 2015, Blackstreet had invested in more than 30 companies, mostly ones with less than $150 million in annual revenue.[5] The company acquired AlphaGraphics,[7]Jackson & Perkins,[8] Western Capital,[9] and Jerry's Subs & Pizza.[10] It sold Florida Tile to Panariagroup of Italy, Houston Harvest Gift Products to Signature Brands,[11][12] and PJCOMN Acquisition Corporation to Essential Pizza.[13]
In 2016, Blackstreet and Gunty agreed to pay more than $3.1 million to the Securities and Exchange Commission to settle charges that they engaged in brokerage activity and charged fees without registering as a broker-dealer and committed other securities law violations.[14]
Managementedit
Gunty is the founder and managing partner of Blackstreet Capital. Gunty graduated from Harvard College, where he received a BA in economics, and Harvard Business School, where he received an MBA.[4] Before founding Blackstreet, Gunty was a general partner at Jacobson Partners, LP, and was a partner at Lazard Freres Real Estate, LLC. He also worked as an analyst for the Blackstone Group.[15][16]
Gunty has sat on several boards, including Rauch Industries, American Combustion Industries, Flow Dry Technology, PJCOMN, and Florida Tile.[15]
Referencesedit
^"Overview". Blackstreet Capital. Retrieved 9 December 2015.
blackstreet, capital, management, private, equity, firm, that, invests, operates, small, sized, distressed, companies, founded, 2002, chevy, chase, maryland, murry, gunty, still, acts, managing, partner, industryprivate, equityfounded2002foundermurry, guntyhea. Blackstreet Capital Management LLC is a private equity firm that invests in and operates small to mid sized distressed companies It was founded in 2002 in Chevy Chase Maryland 1 by Murry Gunty who still acts as managing partner 2 Blackstreet Capital ManagementIndustryPrivate equityFounded2002FounderMurry GuntyHeadquartersChevy Chase MarylandWebsiteblackstreetcapital wbr com Contents 1 History 2 Management 3 References 4 External linksHistory editBlackstreet was founded by Gunty in 2002 as Milestone Capital Partners in a joint venture with Milestone Merchant Partners 3 Robert Pincus the vice chairman of Eagle Bank and Thomas Hale Boggs Jr a prominent Washington lawyer promptly joined Blackstreet s board of advisers providing the gravitas to attract investors 4 Blackstreet invests in distressed companies aiming to prevent the company s bankruptcy and benefit investors 5 Blackstreet funds niche manufacturers internet and specialty retailers distributors restaurants and healthcare service and device providers among other industries 6 As of 2015 Blackstreet had invested in more than 30 companies mostly ones with less than 150 million in annual revenue 5 The company acquired AlphaGraphics 7 Jackson amp Perkins 8 Western Capital 9 and Jerry s Subs amp Pizza 10 It sold Florida Tile to Panariagroup of Italy Houston Harvest Gift Products to Signature Brands 11 12 and PJCOMN Acquisition Corporation to Essential Pizza 13 In 2016 Blackstreet and Gunty agreed to pay more than 3 1 million to the Securities and Exchange Commission to settle charges that they engaged in brokerage activity and charged fees without registering as a broker dealer and committed other securities law violations 14 Management editGunty is the founder and managing partner of Blackstreet Capital Gunty graduated from Harvard College where he received a BA in economics and Harvard Business School where he received an MBA 4 Before founding Blackstreet Gunty was a general partner at Jacobson Partners LP and was a partner at Lazard Freres Real Estate LLC He also worked as an analyst for the Blackstone Group 15 16 Gunty has sat on several boards including Rauch Industries American Combustion Industries Flow Dry Technology PJCOMN and Florida Tile 15 References edit Overview Blackstreet Capital Retrieved 9 December 2015 Murry Gunty Managing Partner Bloomberg Businessweek Retrieved 10 December 2015 Milestone Capital Management LLC Announces Name Change Business Wire 16 February 2007 a b Rosenwald Michael S 6 October 2008 Overview The Washington Post a b Company Overview of Blackstreet Capital Management LLC Bloomberg Businessweek 10 December 2015 Blackstreet Capital Raises 91 Million for Equity Fund Business Wire 28 January 2009 Blackstreet Capital Affiliate Purchases AlphaGraphics WhatTheyThink 19 January 2012 Tierney Jim 24 August 2010 Blackstreet Capital Acquires Park Seed Jackson amp Perkins Multichannel Merchant WCR LLC Acquires a Controlling Interest in Western Capital Bloomberg News 13 April 2010 Heath Thomas 16 June 2013 Capital Buzz Blackstreet Capital dines out on Jerry s Subs amp Pizza The Washington Post Blackstreet Capital Affiliate Sells Houston Harvest Reuters 25 August 2008 Archived from the original on 4 March 2016 Blackstreet Capital Affiliate Sells Houston Harvest Business Wire 25 August 2008 Blackstreet Sells Papa John s Chain PeHUB 8 October 2007 PE firm settles with SEC over secondaries deal Secondaries Investor June 6 2016 a b Executive Profile Murry N Gunty Bloomberg Businessweek 10 December 2015 Murry Gunty Blackstreet Capital Retrieved 9 December 2015 External links edit nbsp Companies portal Retrieved from https en wikipedia org w index php title Blackstreet Capital Management amp oldid 1153992679, wikipedia, wiki, book, books, library,
