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.
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