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NJ Youth Hockey Forum

Author Topic: Black Bear LLC Acquires 16th rink, The Patriot Ice Center  (Read 2228 times)

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An affiliate of Black Bear Sports Group, Inc. (“Black Bear”) has acquired the Patriot Ice Center in Newark, DE (the “Arena”). The Arena features one NHL-size ice rink and one Olympic-size ice rink, an athletic training gym, café, pro shop and a martial arts studio. The Arena is home to many young skaters and players in the area and, like many of Black Bear’s arenas, frequently hosts youth and adult hockey tournaments throughout the year. Black Bear was founded by CEO Murry Gunty in 2015.

​“The Mid-Atlantic region is producing more and more talented skaters and youth players. Delaware is known for quality figure skating but many young players are passionate about hockey here as well,” said Murry Gunty, Founder and CEO of Black Bear. “We are excited to add Patriot to our growing portfolio of east coast ice rinks.”

The Patriot Ice Center is the first acquisition for Black Bear in Delaware and 12 th investment on the East Coast. Patriot complements Black Bear’s adjacent rinks including Ice World in Northeastern Maryland and three facilities in the nearby suburban Philadelphia area: Revolution Ice Gardens, Bucks County Ice Sports Center and The Igloo at Mt. Laurel.

“We are excited to improve the facility and strengthen the skating and hockey programming at Patriot,” said Ryan Scott, Vice President of Black Bear. “Our immediate priority is to structurally improve the ice surfaces to ensure the community has quality ice for the upcoming season and to renovate the building to enhance the customer experience going forward.”

About Black Bear Sports Group, Inc.

Black Bear Sports Group, Inc. is a privately held company formed by Murry Gunty in 2015 that seeks investments in sports and entertainment facilities, teams and youth sports events. Black Bear arenas are clean and 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 has the ability to acquire healthy and stable arenas, but also to turn around under-managed or under-performing facilities. Black Bear currently owns and operates 16 arenas across the United States with a total of 29 sheets of indoor ice, two indoor turf fields, seven youth hockey clubs and four Junior “A” hockey franchises in the United States Hockey League, North American Hockey League and Eastern Hockey League.

Guest

Reply #1:
 July 21, 2020, 08:39:12 PM
Rumor has it they’re in the final steps of purchasing ProSkate in Monmouth Junction NJ...every rink will be owned by Black Bear soon

Guest

Reply #2:
 July 22, 2020, 06:51:24 AM
dont know much about anything, but I do know they didnt do much with the wildcats after taking control of that place.  nice locker room though.

Guest

Reply #3:
 July 22, 2020, 08:39:59 AM
New owners for the York City Ice Arena - 7/22/2020

In addition to the Codorus Creek project presentation,  the council approved a new ownership agreement for the ice rink.

 The Maryland-based Black Bear Sports Group is offering a 10-year agreement to manage the ice rink, which would stay under the ownership of the city. Black Bear would pay the city monthly to operate the arena and cover capital costs.

"Black Bear's proposal was far and away the strongest offer," city solicitor Jason Sabol said. "Black Bear pretty much wants to come in and run the rink. And at the same time they want to pay the city."

The ice rink has been operated by a managerial team with the York Revolution since 2014.

The ice arena deal would see Black Bear pay the city $55,000 the first year, then $65K and $75K the following two years. The Black Bear Sports Group currently oversees and operates 15 ice rinks throughout Pennsylvania, Maryland, New Jersey, Connecticut and Illinois.

Guest

Reply #4:
 July 22, 2020, 08:47:54 AM
Oh man that doesn't sound good for Devils players. Prices are going to go up.

 

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