Blackstreet Capital Management
Blackstreet Capital Management is a permanent holding company founded in 2015 that owns and manages lower middle market businesses across various sectors, focusing on underperforming and distressed companies.
Blackstreet Capital Management History
Blackstreet Capital Management was founded in 2015 as a privately held diversified operating company. Unlike traditional private equity funds, Blackstreet Capital operates as a permanent holding company, allowing it to make long-term investments in lower middle market businesses. The company specializes in opportunistic investments in both debt and equity, targeting businesses with revenue between $25 million and $150 million, especially those that are underperforming or in financial distress.
Blackstreet Capital Management Services
Blackstreet Capital Management focuses on acquiring and managing lower middle market businesses across various industries. The company is skilled at handling complex issues such as environmental, pension, and legal matters, and it engages in 'as-is' 'where-is' transactions with limited representations and warranties. It utilizes creative transaction structures including purchases of senior debt and has the ability to bridge entire purchase prices with its own capital. Blackstreet Capital can also close deals with or without existing management and specializes in closing transactions in as few as two weeks.
Blackstreet Capital Management Sectors
Blackstreet Capital Management targets multiple industries for investment, reflecting a diversified approach. Key sectors include education, manufacturing, consumer products, sports and entertainment, distribution, retail, technology, consumer finance, and franchising. Within these sectors, the company primarily seeks businesses that are underperforming, facing financial distress, or in industries that are currently out of favor.
Blackstreet Capital Management Subsidiaries
Blackstreet Capital Management currently oversees eight subsidiaries across various sectors. These include retail entities such as Northern Brewer and Red Apple Stores, and an education subsidiary called AWE Learning, which provides digital learning solutions for early learners. In consumer finance, Auto Cash operates as a subprime lender. Business services subsidiaries include Mom365 and NSA Media, while the sports and entertainment sector is represented by Black Bear Sports Group, which focuses on ice rinks. Professional services are covered by Cartesian, a consulting firm specializing in telecommunications, media, and technology.
Blackstreet Capital Management Previous Investments
Blackstreet Capital Management has also been involved in a variety of previous investments. Some of these include Western Capital Resources, Rauch Industries, ThinkDirect Marketing Group, and iMarketing Solutions Group. These past investments reflect Blackstreet Capital's strategy of targeting underperforming businesses across different industries, showcasing its ability to manage and potentially turn around diverse types of companies.