Affiliate of Blackstreet Capital Holdings, LLC Acquires Mom365, Inc.
ST. CHARLES, Mo.--(BUSINESS WIRE)--Aug 1, 2018--An affiliate of Blackstreet Capital Holdings, LLC (“BCH”) has acquired Mom365, Inc. (“Mom365” or the “Company”). Operating under the vision “every baby deserves a beautiful photo”, Mom365 is the largest in-hospital photographer of newborn babies and their families in the country. BCH is led by Murry Gunty, Founder and Chief Executive Officer.
“We are thrilled to purchase a business that captures such a wonderful moment in a family’s life,” said Murry Gunty, CEO of BCH. “Since 1947, we believe that Mom365 has provided an important function in its approximately 1,000 hospital customers and the communities they dutifully served.”
BCH also has announced that John Johnson, a longtime professional photography industry veteran, will be CEO of Mom365. Mr. Johnson was previously the CEO of Picture People, the highly successful prior investment of an affiliate of BCH.
“I am ready to use my 30+ years of professional photography experience to ensure we continue to provide the best service possible to both families and our hospital partners,” said Mr. Johnson. “I am excited to partner with BCH and look forward to growing the business.”
BCH is a diversified holding company that seeks investments in debt and equity of companies that are either underperforming, in out-of-favor industries or are undergoing some form of transition. BCH seeks to invest in a range of industries including education, manufacturing, sports and entertainment, distribution, ecommerce, and franchising.
“BCH can provide capital solutions for all types of businesses,” said Kevin Kuby, Chief Restructuring Officer (“CRO”) of BCH, and interim CRO of Mom365. “We can move exceptionally fast to understand the situation. We are very flexible with respect to how we structure a deal and we pride ourselves on being creative in getting difficult deals done whether they’re asset or stock deals, corporate divestitures or debt purchases. We are focused on helping the underlying business stabilize and grow over the long-term.”
About Blackstreet Capital Holdings, LLC
Blackstreet Capital Holdings, LLC is a Chevy Chase, MD-based diversified holding company run by Founder and CEO Murry Gunty. BCH seeks investments in the debt and equity of lower middle market businesses, corporate orphans in out-of-favor industries, and businesses undergoing some form of transition. BCH invests in a range of industries, including business services, manufacturing, distribution, franchisors, retail, education, sports and entertainment, and consumer finance. For more information, visit www.blackstreethold.com.
View source version on businesswire.com:https://www.businesswire.com/news/home/20180801005577/en/
CONTACT: Blackstreet Capital Holdings, LLC
Jack Myers, 240-233-1324
KEYWORD: UNITED STATES NORTH AMERICA MISSOURI
INDUSTRY KEYWORD: WOMEN TECHNOLOGY PHOTOGRAPHY PROFESSIONAL SERVICES FINANCE CONSUMER
SOURCE: Blackstreet Capital Holdings, LLC
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PUB: 08/01/2018 10:09 AM/DISC: 08/01/2018 10:09 AM