Industry | Private equity |
---|---|
Founded | 2002 |
Founder | Murry Gunty |
Headquarters | Chevy Chase, Maryland |
Website |
blackstreetcapital |
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]
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]
Industry | Private equity |
---|---|
Founded | 2002 |
Founder | Murry Gunty |
Headquarters | Chevy Chase, Maryland |
Website |
blackstreetcapital |
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]
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]