Murry Gunty - Business Transactions

Business Transactions

Under Gunty's leadership, Blackstreet has purchased 25 companies representing nearly $1.5 billion in revenue. Blackstreet has and realized five investments, with an average return of 5.5 times invested capital, according to the Washington Post, and has saved over 5,000 jobs.

Gunty's deals at Blackstreet have included the sale of Florida Tile to Panariagroup of Italy, earning a reported 14 times invested capital for Blackstreet investors.

In 2008, Blackstreet sold Houston Harvest, Inc. and Gift Products, Inc. ("HHI/GPI") to Signature Brands, LLC. HHI/GPI, based in Franklin Park, Illinois, a leading supplier of seasonal food gifts and popcorn tins to mass retailers including Wal-Mart, Target and Kmart. The company has licensing agreements with major food and entertainment companies, which it uses to brand popcorn tins and gift baskets.

Also in 2008, Blackstreet affiliate FTCA, Inc. purchased Fleetwood Folding Trailers, Inc. (FFT) from Fleetwood Enterprises. Founded in 1967, Fleetwood manufactures folding camping trailers under the brands Highlander, Americana, Destiny and Evolution.

In 2007, Gunty's firm announced the sale of PJCOMN Acquisition Corporation to Essential Pizza, Inc. PJCOMN owns and operates 82 Papa John's Pizza restaurants in Colorado and Minnesota. Terms of the transaction were not disclosed, but at the time, Papa John's was the world's third largest pizza company with 3,090 restaurants (614 company-owned and 2,476 franchised) operating in 50 states and 27 countries.

Gunty in 2007 also presided over Blackstreet's purchase of Swift Spinning, Inc. from Marubeni Corporation of Tokyo, Japan. Founded in 1906, Swift is a producer of cotton yarns for knitting, weaving and hosiery customers. The company's products carry the labels of Ralph Lauren, Liz Claiborne, J.C. Penney, Sears, Mervyns, Tommy Hilfiger, Gold Toe, Land's End, L.L. Bean and Eddie Bauer, among others. In 2006, Blackstreet's predecessor, Milestone Capital, purchased American Combustion Industries, Inc. (ACI) from Washington Gas Light Holdings Company. Industry veterans Tim and John Kirlin invested alongside Blackstreet in the transaction and were widely credited for turning the company around. The company's revival was chronicled by the Maryland Gazette.

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