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This content is a press release from our partner Business Wire. The AP newsroom and editorial departments were not involved in its creation.

Black Bear Sports Group Acquires 11th Ice Arena

March 4, 2019

WARMINSTER, Pa.--(BUSINESS WIRE)--Mar 4, 2019--Black Bear Sports Group, Inc. (“BBSG” or the “Company”) has acquired the Revolution Ice Gardens in Warminster, PA (the “Arena”). The Arena houses two NHL-size ice sheets and is home to the Philadelphia Revolution Hockey Club, the Lady Patriots Hockey Club and various local high schools. BBSG was founded by Murry Gunty in 2015.

“The Revolution Ice Gardens is the hockey hub of North Philadelphia and Bucks County,” said Murry Gunty, CEO of BBSG. “Under the direction of Chris Kanaly, this rink has produced world-class hockey players like NHL draft pick Cayden Primeau. We are excited to help Chris grow the programs and in particular, to now be able to offer local youth players at the Revolution Ice Gardens a path to college hockey through our network of USHL, NAHL and EHL junior hockey teams.”

“The Arena is the 11th ice rink (20 sheets of ice) purchased by BBSG along with its three junior hockey teams,” said Ryan Scott, Vice President of BBSG. “Revolution is a great complement to our existing rinks in Pennsylvania and New Jersey and we look forward to expanding our operations into Eastern PA.”

“Black Bear Sports Group owns junior hockey teams in the nation’s top leagues scouted by the NCAA and NHL,” said Chris Kanaly, General Manager of the Revolution Elite Youth Hockey Club. “The new affiliation between Revolution Youth Elite Hockey and Black Bear Sports Group creates a unique opportunity for our players to climb the ladder of development through junior hockey into college and pro that no other club in the city can offer.”

We wish BBSG great success in continuing the growth of ice sports in Bucks County,” said Phil and Devra Pulley, previous owners of the Arena and founders of the Revolution Hockey Club.

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. Our arenas are clean and professionally managed and offer world-class recreational offerings. We focus on ice arenas in metropolitan areas with compelling demographics, markets with a National Hockey League club presence and arenas with existing youth hockey clubs. We have 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 eleven arenas across the United States with a total of 20 sheets of indoor ice, two indoor turf fields, two youth hockey clubs and junior hockey franchises in the USHL, NAHL and EHL.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190304005621/en/

CONTACT: Black Bear Sports Group, Inc.

Ryan Scott, 240-223-1338

rscott@blackbearsportsgroup.com

KEYWORD: UNITED STATES NORTH AMERICA PENNSYLVANIA

INDUSTRY KEYWORD: HOCKEY GENERAL SPORTS CONSTRUCTION & PROPERTY COMMERCIAL BUILDING & REAL ESTATE SPORTS

SOURCE: Black Bear Sports Group, Inc.

Copyright Business Wire 2019.

PUB: 03/04/2019 10:05 AM/DISC: 03/04/2019 10:05 AM

http://www.businesswire.com/news/home/20190304005621/en