CHEVY CHASE, Md.--(BUSINESS WIRE)--Auto Cash Financing, Inc., an affiliate of Blackstreet Capital Holdings (BCH), has entered into a loan agreement with a series of entities that operate under the Auto Cash of Georgia brand name in the Atlanta metropolitan market. Auto Cash of Georgia, with 8 retail locations, is the leading title lender in the Atlanta area. BCH is led by Murry Gunty, Chief Executive Officer, and Lawrence Berger, Chief Investment Officer.
“Our partnership with BCH will allow Auto Cash to expand operations and continue to provide the best services and products in the title lending industry,” said Auto Cash CEO Judson Browne. “We are pleased to have engaged partners with BCH’s level of expertise in the industry and a strong commitment to our business.”
“This is an opportunity to work with a very well-managed company in the title lender industry,” said Murry Gunty, CEO of BCH. “We are looking to actively invest in title lenders and other consumer finance businesses as banks and traditional financial sources increasingly exit the industry. Our management team has deep experience in this industry and we are looking for opportunities to expand our exposure to these types of businesses both as lenders and owners.”
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 invests in a range of industries including education, manufacturing, sports and entertainment, distribution, ecommerce, technology, and franchising.
“BCH has tremendous flexibility to invest anywhere on the balance sheet and in any industry,” said Lawrence Berger, BCH Chief Investment Officer. “Additionally, we have an extremely long time horizon, which is rare in today’s market and proves compelling to companies that partner with Blackstreet Capital Holdings.”
About Blackstreet Capital Holdings, LLC
Blackstreet Capital is a Chevy Chase, MD based diversified holding company run by Murry Gunty and Lawrence Berger. BCH currently has equity and debt holdings in education, consumer finance, and sports and entrainment. Gunty and Berger have deep experience buying companies that are either underperforming, in out-of-favor industries or are undergoing some form of transition.